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Market Reports

Morning Gold & Silver Market Report – 3/10/2011

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

  • Gold price - $1,420.10
  • Silver price -$35.36
  • Platinum price -$1,779.90
  • Palladium price -$768.50

COMMENTARY:Gold and silver prices are dipping in early morning trading despite continued concerns about conflicts in the Middle East and the European debt problems. Many would think that gold and silver’s safe haven appeal would be driving prices up. President Gadaffi has stepped up military action as he has ordered jets to strike even deeper into rebel territory. Moody’s announced that they are now cutting Spain’s debt rating by one notch. This cut drove the Euro down and thus the US dollar up, but as Alan Greenspan said last week on CNBC, they are both weak currencies so comparisons between the two have a diminished value.

There was also news on the home front that often spike precious metal prices. Surging oil prices helped push imports up to the fasted pace in 18 years, while on the job front, the number of people seeking employment benefits rose last week. Futures in the stock market are falling which more often than not indicates a positive trend for gold and silver. Let’s see what the trading day brings.

Gold spot price is down $10.50 – Silver price is down 76 cents – Platinum spot price is down $23.10 – Palladium price is down $14.20

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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
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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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