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Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 11/2/2010

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

Gold price - $1,354.00 - $1.50

Silver price - $24.79 - $0.05

Platinum price - $1,716.00 - $2.00

Palladium price - $647.00 - $6.80

 

COMMENTARY – Gold prices softened slightly, after a brief morning rally. The morning price rally reflected the weakness of the US Dollar index and the strength of precious metals as a hedge against currency worries. As precious metal prices moved upward, profit-taking ensued and, consequently, prices are now a bit lower. Any announcement about QE2, coming out of tomorrow’s Fed Open Market Committee meeting conclusion, may further stimulate precious metal market prices.  

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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.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
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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