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Morning Gold & Silver Market Report - 4/23/2012

GOLD PRICES FALL ALONG WITH STOCK FUTURES  

European concerns again are taking center stage, as attention is focused on the French presidential election and the potential political and economic collapse in the Netherlands. In France, Socialist leader Francois Hollande won the first round of elections over incumbent Nicolas Sarkozy. The markets widely viewed an election won by the challenger as a blow to the European recovery. In the Netherlands, which is a core eurozone member, the government has failed to agree on budget cuts, thus making elections unavoidable and casting doubt that the Netherlands will support further eurozone initiatives.

Gold and Silver prices are falling as the United States dollar rose in response to the new concerns flowing from the eurozone and the continued suspicion that the Chinese economy is cooling. Stock markets around the globe are getting hammered.

At 9 a.m. (EDT), the APMEX precious metals spot prices were:

  • Gold - $1,630.30 - Down $13.00.
  • Silver - $30.76 - Down $0.97.
  • Platinum - $1,556.90 - Down $26.30.
  • Palladium - $667.60 - Down $10.30.

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Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

 
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Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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