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Market Reports

Palladium Supply and Demand

Daily Gold & Silver Market Report – 01/12/2018

Market analysts say the gains we are seeing in Palladium spot price and Palladium stocks is just beginning as shortages continues. ETF Daily News said, “The metal is forecast to be in a deficit of about 835,000 ounces this year, according to Citigroup Bank.” Palladium's most important use is growing more than markets anticipated as the car industry continues to grow in China. Why? Palisade Research said, “Palladium’s unique properties make it paramount in the fight against pollution. ... As the world continues to go “green” and fight against environmental damage and air toxins, critical metals such as Palladium will be more important than ever.” The need, naturally, increases the demand for the Precious Metal. With that comes supply shortages and higher spot prices. So while many Precious Metals investors have somewhat dismissed Palladium, many are now highly considering Palladium to be the new Gold.

Spot Gold Price Could Reach $1,600 an Ounce

A blog from Investopedia says the value of Gold could jump upwards of 23 percent, putting Gold spot price above $1,600 an ounce. Editor and registered investment advisor Michael Kramer is confident if the yellow metal can break past the $1,350 level, Gold prices could start a significant rally. Nonetheless, Gold will continue to grow with help from inflation, as well as a rise in oil prices and a weakening U.S. dollar. Should these continue to happen, Kramer says “it could further fuel Gold's rally, helping to push the metal up at a faster pace.”

Silver Prices Higher on Industrial Demand

A report by MoneyControl says the price of Silver has gained some strength with help from increasing industrial demand. Moreover, the anticipated 2018 Silver American Eagle is set to release next week so many investors and collectors are buying their Silver now. The article says Silver spot price has risen 0.6 percent this week, with expectation of further growth into next week.

At 11:07 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,332.90 Up $8.70
  • Silver, $17.19 Up $0.17
  • Platinum, $1,000.80 Up $11.00
  • Palladium, $1,107.60 Up $23.40

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (ET)! Or call us Fridays until 6 p.m. (ET)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

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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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