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Market Reports

Morning Gold & Silver Market Report – 1/14/2011

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price: $1,365.90
  • Silver price: $28.71
  • Platinum price: $1,814.00
  • Palladium price: $797.50

COMMENTARY: Precious metals are trading down this morning on news of a higher U.S. dollar and optimism that the euro zone debt crisis may soon be over. China is raising its reserve requirement for lenders, which allowed the dollar to rebound against a basket of six other currencies. Since gold carries a negative correlation to the dollar typically, prices are down on that news. However, most analysts agree that the physical demand for gold in Asia will still underpin the precious metal.

Gold gets a lot of attention in the precious metals market, but Marketwatch has a great article that gives five reasons silver may be an even better bet than gold.

Gold spot price is down $22.60 – Silver is down 58 cents – Platinum is down $6.20 – Palladium is down $16.90

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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.

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

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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