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Our Daily
Market Reports

Closing Gold & Silver Market Report – 8/25/2011


Since the Mid-Day Gold & Silver Market Report, gold has maintained its position with positive gains for the day. The previous losses of gold were attributed in large part to the CME Group raising the margins on gold futures by 27%, which is its largest hike in 2 ½ years and the second increase this month. "Gold's decline with such a dramatic magnitude in such a short period of time is driven by short-term momentum investors coming out, not long-term investors," said Stanley Crouch, chief investment officer at Aegis Capital, who oversees $2 billion in assets.

There is a growing feeling that the Federal Reserve may let down those stock investors who believed there would be a commitment to step up stimulus. Some investors feel there should be further action taken to help buoy the economy taken by Ben Bernanke. However, a number of investors feel disappointment is on the horizon. According to Rob Dugger, managing partner at Hanover Investment Group LLC and a regular participant at the Jackson Hole conference, “The stock market is going to be disappointed Friday morning…It’s not going to get that kind of life-buoy thrown out over the water so that it can grab hold and swim safely to shore.”

The United States has clearly tried to distance itself from attempts to locate Muammar Gaddafi. According to State Department spokeswoman, Victoria Nuland, “Neither the United States nor NATO is involved in this manhunt.”

At 4:15 pm (CT) the APMEX precious metals spot prices were:

  • Gold - $1,775.80 – Up $16.50.
  • Silver - $41.27 – Up $2.00.
  • Platinum - $1,824.50 – Down $2.80.
  • Palladium - $754.00 – Up $8.90.

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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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