hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 2/25/2013

GOLD REBOUNDING AS INVESTORS EYE ITALIAN ELECTIONS, FED STIMULUS NEWS

Gold has recovered some of the ground it lost last week as a weaker dollar and uncertainty surrounding Monday’s general elections in Italy have boosted the metal as of mid-day. Voters in Italy are hoping today’s election can help form a successful government and begin progress towards economic improvement. Many global economists are closely eyeing the outcome of the elections, including Commerzbank analysts, who regard the election results to be “an indicator of whether the debt crisis in the eurozone could flare up again.”

As investors eye voter results from Italy, a credit downgrade of Great Britain and news of Japan’s commitment to its extremely loose monetary policy have also helped prop up Gold and other Precious Metals for the week’s first trading session. Liberal government spending policies have proven extremely positive for Precious Metals in the past. With news centering around Europe today, U.S. investors will be intently focused on Fed Chairman Ben Bernanke’s semi-annual monetary policy report due to be released February 27. “Ben Bernanke may quell speculation about a halt to quantitative easing, supporting Gold,” Saxo Bank head of commodity strategy Ole Hansen said. If Bernanke quashes stimulus termination rumors, Gold has the potential to compound earnings following last week’s massive price drop.

At 11:46 a.m. (EST), the APMEX Precious Metals spot prices were:

  • Gold, $1,591.20, Up $16.90.
  • Silver, $28.08, Up $0.56.
  • Platinum, $1,614.50, Up $6.10.
  • Palladium, $745.80, Up $9.50.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

« Return to Commentaries

World Market Trading Hours

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.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

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.

Items In Cart


There are no items in the cart.

PLATINUM