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Market Reports

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

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,369.20
  • Silver price - $28.90
  • Platinum price - $1,828.50
  • Palladium price - $812.90


COMMENTARY: Higher than expected inflation data from the UK pushed precious metal prices even further up today. In addition, the US Dollar slipped .46% while the Euro gained .55%. The debt crisis abroad and here at home continues to stay in the news. Neel Kashkari, a former Treasury official who headed up the 700 billion dollar “TARP”, said today that “our debt is starting to get away from us.” Kashkari, now a managing director at PIMCO, said in an interview that the difference in yields between 2 – and 30-year Treasuries have widened to an all time high. He further explained that confidence in US Treasuries could fall dramatically if the central bank continues to print money to buy bonds while at the same time we do nothing to tackle the US debt.

Gold spot price was up $7.20 – Silver spot was up 56 cents – Platinum spot price was up $13.50 – Palladium price was up $21.40

For investors who want to invest in gold, but feel rising prices have put gold beyond their means, there are a variety of fractional gold products to consider. 2010 1/10 oz Gold American Eagles1/4 oz Gold American Eagles1/2 oz Gold American Eagles

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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
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World Markets
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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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