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Market Reports

Mid-Day gold & Silver Market Report – 2/22/2011

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

  • Gold price - $1,399.30
  • Silver price - $32.93
  • Platinum price - $1,786.80
  • Palladium price - $805.00


COMMENTARY: The stock market is down 150 points and they are dragging the industrial precious metals along with it. Platinum spot price is currently down $56.50 and palladium price has sunk $54.50. Gold and silver have come off the day’s highs, but their safe haven appeal continues to attract investors. Gold spot price is up $10.50 and silver price is up 60 cents.

Oil is approaching a two year high as the situations in the Middle East continue to deteriorate. As oil prices spike, inflation fears will grow and the price of gold usually will trend upwards. At least 250 people died overnight in Libya.Muammar Gaddafi has vowed to die a martyr before giving in to protests.

Wisconsin is in the news, but they are not alone in struggling with huge public pension fund obligations. Many state and municipal governments are required to balance their budgets and unlike the federal government, they cannot just print money.In their budget battles, they really do have to put everything on the table.

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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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World 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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