Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 2/23/2011

At 12:30PM (CT) the APMEX precious metals spot prices were:

  • Gold - $1,413.40
  • Silver - $33.52
  • Platinum - $1,779.50
  • Palladium - $781.00

COMMENTARY:  Stocks have started to topple after rebounding early this morning thanks to poor industrial results.  There are fears that the Dow could fall by more than 100 points in consecutive days for the first time since June.  This, in conjunction with the ongoing crisis in the Middle East, is keeping gold and silver in the black.  Strategists at Commerzbank say that “The price of gold should remain well supported as long as there is no sign of tension easing in the Middle East.”  Also supporting the gold price is that the dollar has weakened against the Euro.  The aforementioned poor industrial results are likely the reason that platinum and palladium are trading lower today.

Gold spot price is up $11.80 on the day.  Silver spot price is up 58 cents.  Platinum spot price is off $6.80.  Palladium spot price is down $26.70.

« 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.

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

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.

 (0)

There are no items in the cart.