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Market Reports

Mid-Day Gold & Silver Market Report – 2/14/2011

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

  • Gold price – $1,365.60
  • Silver price – $30.58
  • Platinum price – $1828.00
  • Palladium price – $834.50

COMMENTARY: The big news of the day still revolves around President Obama’s budget announcement looking to cut $1.1 trillion over the next ten years. A couple of large pieces to the budget puzzle are the proposed removal of tax protection for higher income households and deeper cuts in spending. The dollar is also coming off its high against the euro. These concerns are causing there to be a wait and see approach with stocks, which has also been burdened with a downgraded rating from JP Morgan on the nation’s largest retailer Wal-Mart, which increases the appeal of safe haven protection of precious metals as prices across the board are up for the day.

Gold spot price is up $4.70 – Silver price is up 51 cents – Platinum spot price is up $14.50 – Palladium price is up $17.80

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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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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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