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Market Reports

Mid-Day Gold & Silver Market Report – 4/18/2011

US CREDIT GIVEN A “NEGATIVE” OUTLOOK – Standard & Poor’s put a “negative” outlook on the long-term AAA credit rating of the US. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium-and long-term budgetary challenges by 2013,” New York-based S&P said today in a report. This statement does not lower the current AAA rating, but it still brought the White House to the defensive, as they claim this is all about politics.

The above news did push gold and silver slightly forward, but the stock market is currently down over 200 points.Perhaps the only good news as a result of the S&P statement is that oil has dropped more than $2 per barrel.

At 12:15 CT the APMEX precious metal prices were:

  • Gold price - $1,496.20 (up $9.30)
  • Silver price  -$42.95 (up 31 cents)
  • Platinum price - $1,778.70 (down $15.10)
  • Palladium price - $737.00 (down $32.10)

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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.

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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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