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Market Reports

Morning Gold & Silver Market Report – 1/18/2011

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

  • Gold price - $1,375.00
  • Silver price - $28.92
  • Platinum price - $1,825.80
  • Palladium price - $808.00


COMMENTARY: Precious metal prices are up sharply in early morning trading. Gold price is currently up $13 – Silver spot price is up 57 cents – Platinum price is up $10.80 – Palladium spot price is up $16.40

From time to time it is helpful to step back and recognize that gold is a currency recognized and traded worldwide. Today’s increase is being driven by Asian buyers concerned about the European debt crisis. Bruce Ikemizu, head of commodity trading at Standard Bank Pls in Tokyo stated yesterday that he was pessimistic that problems will be resolved overnight and that the European financial problem will be a long term bullish factor for precious metals.

Chinese President Hu Jintao arrives in Washington this week to continue efforts to improve relations between the US and China. President Hu’s has made it clear that China intends to move forward on opening its markets, but at its own pace. They will not be pressured by external concerns who wish this to happen quicker and more broadly.

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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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