Daily Gold & Silver Market Report – 4/11/2016
Paul Stevens
4/11/2016 12:37:00 PM
METALS CONTINUE RISE AS GLOBAL MARKETS STRUGGLE
Precious Metal prices are off to a strong start this week, gaining rapidly during Monday morning trading hours. After seeing steady growth to start the year due to a slowing global economy and central banks still figuring things out, Gold reached its highest point since mid-March and many analysts think the metal will break the $1,300 per ounce mark sooner than later. Commerzbank analyst Daniel Briesemann said, “Very loose monetary policy pursued by several central banks should point to even higher Gold prices. The [European Central Bank] also increased its bond-buying purchases and has not ruled out further measures.”
Stock markets around the world continue to feel pressured as they try to rebound from a recent slump. Global equities have been battling resistance and some analysts and advisors are turning to the Global Dow index as a precursor of what is to come. Technical analyst and investment advisor Dana Lyons told CNBC’s “Trading Nation” Friday, “We have a major confluence of resistance right here that's going to pose a pretty good hurdle for global equities to get over.”
At 1:36 P.M. (ET), the APMEX Precious Metals spot prices were:
- Gold, $1,258.50 Up $13.90
- Silver, $15.99 Up $0.55
- Platinum, $989.00 Up $20.60
- Palladium, $546.30 Up $6.60
APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.
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
