Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 9/15/2011


From the Closing Gold and Silver Market Report to now, precious metals pricing has seen a downward turn, primarily on the growing confidence that Greece can be bailed out. Not everyone shares that rosy outlook. "It's the denial stage that's taken hold of all the markets—(a belief) that everything's going to be fine, the EU and U.S. leaderships can manage to put their economies to rights," said VM Group analyst Carl Firman. "I don't think that is the case, and I think it's only a matter of time before that comes home to roost. The gold price is probably going to benefit from that." However, those losses are already being changed to gains on weaker than expected factory and jobs data.

After Chancellor Merkel’s warnings to financial ministers and other leaders to watch what they say to avoid market volatility, it seems to be working. EU Economic and Monetary Affairs Commissioner Olli Rehn came out and basically said that after the inspections were done, he expects Greece to hit all fiscal targets. He said, "Over the last weekend, the Greek government took very important decisions that go a long way to meeting the fiscal target for this year…It is now essential that they go all the way and convince their partners so that they can expect a decision to be taken by the euro area and the IMF in time before the next hurdles of financing will emerge.” There is still strong opposition to any use of a euro bond.

The national economic news has caused a bit of a bump in the road today, as applications for unemployment benefits unexpectedly increased. Instead of hitting the estimated 411,000, it actually rose to 428,000. The consumer price index (CPI) also rose 0.4% following the 0.5% increase in July, and New York manufacturing data dwindled for a fourth consecutive month.

At 8:00 AM (CT) the APMEX precious metals spot prices were:

  • Gold - $1,788.50 – Down $40.40.
  • Silver - $40.11 – Down $0.49.
  • Platinum - $1,792.70 – Down $24.20.
  • Palladium - $715.90 – Down $5.20.

« 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.