hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/24/2011

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

  • Gold price - $1,348.30
  • Silver price - $27.38
  • Platinum price - $1,822.70
  • Palladium price - $819.00

 

COMMENTARY: Precious metal prices are up in early morning trading as recent price drops attract current investors. Generally, current investors buy as the price drops to add to their positions, while new investors buy as prices go up thinking they need to get in. With a long term view in mind, both strategies provide the wealth protection gold provides.

Gold prices have retreated over the past three weeks on the expectation of an impending economic recovery. However, the data continues to project a long slow process. There appears to be more and more concerns with the lack of plans to tackle debt. In addition, our fragile economic recovery remains susceptible to “tail risks”. A “tail risk” defined as an unexpected, unpredictable event with severe negative consequences.

 

Gold spot price is up $5.80 – Silver is down slightly 11 cents – Platinum spot price is up $1.40 – Palladium price is up $1.30

« Return to Commentaries

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.

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

Disclaimer:
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.

Items In Cart


There are no items in the cart.

AURIC