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Market Reports

Closing Gold & Silver Market Report – 1/20/2011

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

  • Gold price - $1,346.80
  • Silver price - $27.53
  • Platinum price - $1,811.90
  • Palladium price - $812.90


COMMENTARY: Precious metal prices fell in early morning trading and then stabilized.Although precious metals are a long term play for those acquiring the actual physical metal, the popularity of gold has allowed for price movements based on nothing but the day’s news cycle. China and Brazil are raising interest rates to fight inflation. The economic data looks good so metals go down. Next day they look bad so metals go up. The Dollar is up and the next day it is down.

Gold is an insurance policy that you buy to protect your wealth against economic uncertainties at home and abroad,financial market instabilities, inflation, currency fluctuations and geopolitical tensions amongst others. Please keep in mind that none of these potential negative events are affected by today’s news. They are by nature long term views.  

Gold spot price was down $25.20 – Silver spot price is down $1.36 – Platinum price is down $24.90 – Palladium price is down - $8.30

Falling prices often can spell opportunity. If you sense opportunity in today’s prices the 2011 Gold American Eagles are now available.

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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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