hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Morning Gold & Silver Market Report – 4/11/2011


Gold prices are settling back, as we suspect some profit taking has occured overnight. Silver prices continue to soar. Late Friday evening, a budget deal was announced with much pomp and circumstance, and the government was not shut down. While both sides hugged and claimed victory, most viewed this as yet another example of a dysfunctional system. Neither side did anything to enhance their image.

Libyan President Gaddafi, reportedly accepted a peace plan proposed by the African Union, and then immediately bombed the town of Misrata. President Gaddafi in his acceptance still indicates he will not step down and rebel forces insist that he must. This situation does not appear to be on a fast track to ending anytime soon.

The US dollar continues to decline and this morning, its weakness extends even to the Japanese Yen. The dollar has been falling relative to other world currencies, but the Yen comes as a surprise.It is important to note that although this appears to be driving up stock futures, potential gains will only be mitigated by loss of purchasing power.

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

  • Gold price - $1,468.90 (down $5.20)
  • Silver price - $41.29 (up 61 cents)
  • Platinum price - $1,804.10 (down $7.00)
  • Palladium price- $796.90 (up $1.60)

« 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.


There are no items in the cart.