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Our Daily
Market Reports

Closing Gold & Silver Market Report - 9/26/2011

Very Odd Day in the Marketplace – The U.S. Stock Market began the day off strong, then faded, then recovered, then faded and then boomed 200 points at the close, to finish above 11,000 for the day. Bond prices fell as stocks rose, all based on the hope that European leaders will commit some cash to bailout the European countries, who need to be bailed out. There has been no plan announced, but there is a belief that a “Tarp –like” proposal can be put into effect to fight the region’s sovereign debt crisis.

Gold and silver prices were all over the board in today’s trading as well. Gold had been as low as $1532 and silver off as much as 16%. Gold has moved up well over $1600 and silver prices are now positive for the day.

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

  • Gold price - $1,631.00 – down $9.80
  • Silver price - $30.80 – up 67 cents
  • Platinum price - $1,566.20 – down $50.00
  • Palladium price - $635.00 – down $9.50

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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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