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

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 5/18/2011


Precious metals continue to climb thanks to inflationary concerns, as crude oil jumped past $100. Adam Klopfenstein of Lind-Waldock in Chicago explains, “The risk appetite is coming back to commodities across the board … Anytime you see a pullback, people will come in and buy gold to hedge against inflation and diversify away from the dollar.”  Robin Bhar, an analyst with Credit Agricole, says, “Sentiment has improved … the feeling [is] maybe that what we went through in the last few weeks was simply overdone,” referring to the sharp increase in late April (and subsequent sharp pullback).

Lisa Twaronite from Marketwatch.com wrote an interesting article on how the arrest of IMF Managing Director Dominique Strauss-Kahn could affect (in a positive way) the growth of the world’s No. 2 economy.  China officially surpassed Japan last year as the No. 2 economy in the world, and is still considered an emerging market (EM).  The IMF and the World Bank are both global entities, however the IMF has traditionally had a European at the helm, and the World Bank has traditionally had an American at the helm.  Strategists at Brown Brothers Harriman say, “One possible outcome of the [IMF] turmoil could be to accelerate the bid by EM countries [like China, Brazil, India, and Russia] for more influence and a high-profile position at the fund.”  All four of the aforementioned countries are among the IMF’s 10 largest shareholders.

At 12:02 pm (CT) the APMEX precious metals spot prices were:

  • Gold - $1,497.80 (up $16.30 on the day)
  • Silver - $35.41 (up $1.83)
  • Platinum - $1,779.50 (up $17.50)
  • Palladium - $740.60 (up $22.40)

« 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.