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Market Reports

Morning Gold & Silver Market Report – 3/3/2011

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

  • Gold – $1,426.50 -- -$12.30
  • Silver – $34.52 -- -$0.40
  • Platinum – $1,842.20 -- -$18.10
  • Palladium – $822.40 -- +$6.00

COMMENTARY:  Precious metals are down this morning (save Palladium) as the stock markets are up. Reports are saying that Moammar Gaddafi is mulling a peace plan proposed by Venezuelan President Hugo Chavez. However, witnesses are also claiming that a warplane bombed an eastern oil terminal town in Libya after Gaddafi launched a ground and air attack on the town.

Marketwatch’s Peter Brimelow says that gold’s climb has meaning beyond the market. He says that the news of China importing 200 metric tonnes of gold in the past two months suggests “an astonishing and bullish restructuring of the physical market.” He also says that gold’s most recent record high shows signs of “a dramatic slump in confidence in U.S. economic management.”

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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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