Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 10/19/2011


Gold and U.S. stock futures are fairly flat this morning.  In the U.S., inflation data was mainly in line with expectations in a report released this morning.  Higher hopes of a resolution to the European debt crisis has investors more interested in risk, and in some cases away from safe haven investments like gold. 

A meeting of euro zone leaders this Sunday could bring about changes to investors’ appetite, according to VTB Capital.  They explained, “The situation with gold could well change should risk aversion escalate after 23 October, provided the broader market is disappointed by the EU’s debt crisis management with policymakers failing to leverage the [European Financial Stability Facility] substantially and avoid a structural Greek default.”  They added, “…physical buyers were active above recent dips,” confirming the still-present desire among investors to hold physical metals.

With all the optimism coming out of Greece, one might think there was some good news to report.  As Greek citizens protest in the streets of Athens, Prime Minister George Papandreou vowed to successfully implement another round of austerity measures.  The strikes are seeing empty classrooms and businesses as students, workers, and business owners alike are among those protesting the proposed measures.  The European Commission was busy as well, raiding banks (such as Deutsche Bank) in a widespread probe into suspected fixing of lending between banks.  This is the third major investigation of the finance sector by the Commission this year.

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

  • Gold - $1,656.50 – Up $1.70.
  • Silver - $32.05 – Up $0.18.
  • Platinum - $1,535.50 – Down $5.20.
  • Palladium - $627.40 – Up $5.50.

« 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.