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Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 9/22/2011

Gold Prices are Bouncing Off Morning Lows – The U.S. Stock market is falling along with global equity markets around the world. The DOW is down over 400 points, as concerns grow over the state of the global economy. Gold and precious metal prices have been dragged down along with stock prices, although the very news driving stock prices down might be viewed as positive for gold. In most cases, when gold drops in conjunction with a precipitous drop in the DOW, it is a liquidity event. Traders are simply selling what they can to cover margin calls. Gold prices have rebounded off lows, so traders will keep a sharp eye on afternoon action, as we head into the open of the Asian markets.

Is the world on the eve of the next financial crisis? Stay tuned.

At 12:14 (CT) the APMEX precious metals spot prices were:

  • Gold - $1,744.30 – Down $62.30.
  • Silver - $37.03 – Down $3.46.
  • Platinum - $1,713.40 – Down $77.80.
  • Palladium - $660.10 – Down $53.80.

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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
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World Markets
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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.

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