Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Closing Gold & Silver Market Report – 5/25/2011

FINANCIAL INSTABILITY SUPPORTS GOLD – Gold’s attractiveness as a store of wealth continued to grow today.  The primary factors supporting gold are the ongoing debt concerns coming out of Greece and the ramifications they have on the rest of the euro zone.  Analysts at VTB capital in London said in a note to clients, “We think that gold will remain well supported in the short term amid small-scale safe haven buying, and still in the absence of a substantial pick-up in physical demand.”  The more speculative of the precious metals, silver, also saw modest gains today rising over 4%.  Silver is still seen as an easier entry point for precious metal purchasing and with gold sustaining a price over $1500, some investors may be attracted to silver again.  However, the Bombay Bullion Association said it expects India’s gold imports to reach a record level of 1,000 metric tons this year, assuming the monsoon season is good.

Also supporting the price of gold is a slightly lower dollar.  It dropped today, against the euro, after reports that orders for long-lasting U.S. manufactured goods fell more than expected.  Orders fell by 3.6% after rising 4.4% in March.  The drop was greater than expected by 1.6%.

At 4:15 PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,527.30 (up $2.50)
  • Silver price - $38.01 (up $1.80)
  • Platinum price - $1,787.00 (up $23.50)
  • Palladium price - $752.50 (up $13.30)

Claim your latest release of America the Beautiful coins, Olympic National Park.

« 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.

 (0)

There are no items in the cart.