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Precious Metals Are Up

Precious Metals Are Up

APMEX

4/23/2021 8:32:22 AM

As of 9 a.m. EDT Friday, Gold was at $1,803.48, Silver rose to $26.46, Palladium leapt to $2,945.50 and Platinum hit $1,261.20. Palladium is a Precious Metal to watch this week. Analysts project it to continue climbing due to automakers purchasing more of the Precious Metal.

Dogecoin remained a star this week, rising to record highs followed by small recoils. Still, Cryptocurrency remains volatile following Coinbase going public last week. Bitcoin notably suffered.

Oil reached a one-month high at $64 a barrel. Global stocks retreated, futures followed suit and treasuries rose. Markets posted higher than expected numbers, with Johnson & Johnson coming out ahead of projections. Still, the market effects of the COVID-19 vaccine pause remain to be realized.

A tax rate increase was reportedly proposed by President Biden late this week, causing the S&P 500 to sink 30 points. The plan stands to cost wealthy investors 43.4% in capital gains taxes.

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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