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Our Daily
Market Reports

Morning Gold & Silver Report – 2/28/2011

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

  • Gold price - $1,412.90
  • Silver price - $33.56
  • Platinum price - $1,809.80
  • Palladium price - $790.50


COMMENTARY: All of the metals are moving higher this morning. Gold spot price is up $2.60 – Silver spot price is up $0.57 – Platinum spot price is up $5.70 – Palladium spot price is up $3.00.

Rising oil prices are putting modest pressure on precious metals as tensions in the Middle East continue to spread. As investors scour the news of world events, they are seeing possible further disruptions in oil production as demonstrations for reform are spreading like wildfire throughout the region. As these demonstrations spread, oil production becomes more risky and thereby more costly.  Oil prices are hovering at slightly over $100.00 per barrel.

The US Dollar Index fell while the Euro rose in anticipation of Fed Chairman Ben Bernanke’s speech to the Senate Banking Committee tomorrow. The Chairman is expected to say that the Fed will keep interest rates near the zero level.

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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
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.

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