Morning Gold & Silver Market Report – 4/20/2011
Peter LaTona
4/20/2011 7:21:00 AM
GOLD SURPASSES $1500, WHILE SILVER HURDLES OVER $44 – The US dollar slipped against six major currencies and is trading at a 16 month low. This, along with continued concerns with inflationary pressures and the US and European debt problems,have propelled both gold and silver upwards.
The Libyan rebel leader is in Paris today meeting with the French President, Nicolas Sarkozy. Their efforts will focus on how to end this two-month conflict and bring a democratic transition to Libya.
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,503.10 (up $7.00)
- Silver price - $44.78 (up 80 cents)
- Platinum price - $1,806.10 (up $35.80)
- Palladium price - $760.00 (up $27.90)
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
