Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Closing Gold & Silver Market Report – 1/26/2012


Precious metals prices have remained steady after this morning’s gains, after gains in the past two days related to the Federal Reserve’s position on the U.S. economy. While the Fed holds interest rates down, it opens the door to more fluidity of cash and lower prices for other currencies, making Gold more desirable as a protective asset. Ross Norman, chief executive of Sharps Pixley, said he believes the Gold price might even double at its peak in the coming years.

Despite the positive knee-jerk reaction stocks had to the Fed’s announcement, U.S. stocks have fallen again as more negative news was released about the housing market. Banks were among the companies taking the largest hits. Bruce McCain, chief investment strategist who oversees more than $20 billion at the private banking unit of KeyCorp in Cleveland, Ohio, said, “It’s a little bit of cold water in the face. We’re in risk territory because we’ve come a long way in the market, and in terms of optimism on the economy. We need to work on that enthusiasm because it’s premature to think that we’ve solved all problems.”

One interesting side note that may have been overlooked amid all of the other news was that George Soros has bought $2 billion worth of MF Global Italian bonds and says he would buy even more. His reasoning behind the investment: deflation.

At 3:52 p.m. (CST), the APMEX precious metals spot prices were:

  • Gold - $1,722.00 – Up $20.90.
  • Silver - $33.52 – Up $0.33.
  • Platinum - $1,612.30 – Up $31.70.
  • Palladium - $693.50 – Down $0.90.

« 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.