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Market Reports

Closing Gold & Silver Market Report – 1/21/2011

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

  • Gold price -$1,343.40
  • Silver price -$27.56 
  • Platinum price - $1,829.70
  • Palladium price - $823.40


COMMENTARY:Considering that precious metal prices began the day retreating sharply, there was quite a nice turn around. Gold rallied to only being down $4.30, while silver was up 2 cents, platinum was up $10.80 and palladium rallies up $8.20. A positive economic outlook will generally drive up platinum and palladium due to their industrial uses. However, it tends to drive down gold on the assumption that investors will move from safe haven investments to those with more risk. However, investors with a long term view understand the potential for risk and the need for gold as protection. These investors are still recommending hard physical assets such as gold.

There is no doubt that China will continue to play a larger and lager role in influencing the global economy. This will be especially true for the gold market, as there is every indication China will continue to buy gold.

We are just entering a season where the Chinese buy more gold especially in conjunction with the Chinese New Year.Demand for both gold and silver goes up prior to the Lunar New Year. Chinese Gold Pandas are beautiful coins and a great way to invest in gold. For silver investors, do not overlook the Chinese Silver Pandas as well.

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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.

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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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