Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/29/2011


What is being called the world’s worst atomic disaster in 25 years may be getting worse. Plutonium was found in the soil at the Fukushima nuclear complex giving further evidence of higher than reported radiation leaks. The Japanese Prime Minister is feeling pressure to widen the evacuation zone, but he is faced with the dilemma of where to put them. There are still hundreds of thousands of displaced people due to the earthquake and tsunami.

The S&P/Case-Shiller index of property values are due out today and expectations are not high. This index which measures property values in 20 cities fell 3.2% from January 2010 (last month's report), which was the largest 12-month decrease since November 2009. Prices are expected to continue to fall as rising foreclosures put more houses on the market and the current falling prices keep potential buyers watching and not acting.

President Obama made the case last night for the US involvement in Libya. All of this regime change has to make one wonder who will end up running the show. Using numbers that can be obtained from IMF World Economic Outlook and the World Bank, amongst others, it is interesting to take note of the median ages of the Middle Eastern populations. The median age in the US is now 35.3. In Egypt the median age is 24.0, which means their entire life they were under a regime supported by the US. A regime they just threw out. Libya 24.2 – Saudi Arabia 24.9 – Syria – 21.5 – Yemen –17.9. The US will need to adjust to dealing with an entirely different generation.

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

  • Gold price -$1,417.40 (down $3.50)
  • Silver price - $36.91 (down 25 cents)
  • Platinum price -$1,746.00 - (down $3.80)
  • Palladium price -$745.00 - (down$1.70)

« 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.