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Market Reports

Mid-Day Gold & Silver Market Report – 1/31/2011

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,338.50
  • Silver price - $28.44
  • Platinum price - $1,799.20
  • Palladium price - $824.50


COMMENTARY: As suspected, precious metal prices have made a strong comeback since this morning's commentary. The end-game for the crisis in Egypt is not clear and tensions remain. Egypt’s largest private employer, Orascom, reports that only 5000 of its 26,000 employees are working. There are concerns with how long Egypt can endure these political protests before confronting a financial crisis. Can Egypt’s banks handle a flood of withdrawals? As large as their financial war chest might be, it is not enough for several weeks. Egypt also needs to be concerned with a reversal of flows. Foreign investment leaking out instead of pouring in.

Gold spot price is up $11.40 from the morning commentary – Silver spot is up 95 cents – Platinum spot price is up $15.70 – Palladium spot is up $$15.50

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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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