Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 9/14/2011


Gold has slipped slightly since the Morning Commentary, down approximately 0.5% since then.  Silver has ticked down as well by about the same percentage. 

Despite stocks being up on U.S. and European exchanges today, the market seems to be anticipating a default by debt-ridden Greece sooner rather than later.  The cost to insure $10 million of Greek bonds against default has jumped up 250 basis points ($250,000) in the last 24 hours, indicating rising concern from bond traders that a Greek default is becoming more and more likely.  According to Simon Smith, Chief Economist at FxPro, “Many charts are maxing out or in free-fall, be it Greek [credit default swaps], European bank shares, peripheral spreads over Germany or German yields themselves.”  However, it appears that China might be the angel investor that Europe needs right now.

Looking at the economy on a global scale, World Bank President Robert Zoellick says that a double-dip recession is avoidable, but we are currently in the “danger zone.”  “Unless Europe, Japan, and the United States can also face up to responsibilities they will drag down not only themselves but the global economy,” Zoellick said in a speech this morning.

At 12:00 pm (CT) the APMEX precious metals spot prices were:

  • Gold - $1,820.40 – Down $11.70.
  • Silver - $40.65 – Down $0.62.
  • Platinum - $1,815.80 – Up $1.30.
  • Palladium - $721.10 – Down $7.40.

« 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.

 (0)

There are no items in the cart.