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Market Reports

Mid-Day Gold & Silver Market Report – 4/1/2011


Stocks soar to an almost three-year high following the information that U.S. employers added 216,000 jobs and the unemployment rate dropped again. “The jobs report confirms that the U.S. economy is recovering in a slow grinding upwards move,” said Stephen Wood, the New York-based chief market strategist for Russell Investments, which manages $155 billion. All of this activity has strengthened the U.S. dollar while pulling investors away from the precious metals markets.

We are also seeing another spike in crude oil pricing as investors keep a watchful eye. “The price of oil can hinge on a number of factors: the political climate in the Middle East and North Africa, a natural disaster, such as a hurricane or earthquake, or the dollar’s motions in the course of a single day. One wrong move and the price of oil can swing by double digits,” said Tom Lyndon, president of Global Trends Investments and editor of ETF trends. Many of the same factors apply to precious metals, but for different reasons. With gold and silver, investors look to the safe-haven appeal precious metals offer in times of economic or geopolitical turmoil.

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

  • Gold - $1,427.30 (down $12.60 on the day)
  • Silver - $37.80 (down $0.16)
  • Platinum - $1,757.00 (down $24.30)
  • Palladium - $774.70 (up $5.80)

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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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