Precious Metals Market Reports
Mid – Day Gold & Silver Market Report – 11/16/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,337.20 Silver price - $25.32 Platinum price - $1,644.40 Palladium price - $644.60 COMMENTARY: Stocks and precious metal prices were sharply down this morning as details began to surface on the Irish rescue plan. The current panic is driven by the revelation that the cost of Ireland’s bank bailout c... Read More
Morning Gold & Silver Market Report – 11/16/2010
At 8AM (CT) the APMEX precious metal prices were: Gold price -$1,357.00 Silver price -$25.50 Platinum price - $1,1660.80 Palladium price - $663.00 COMMENTARY: An interesting article from today’s Financial Times, asks the question should the US sell some of the gold in its vaults? This question seems appropriate for Central banks around the globe. Which country doesn’t need to raise capital in these economic ... Read More
Closing Gold & Silver Market Report – 11/15/2010
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,361.50 Silver price - $25.56 Platinum price - $1,675.80 Palladium price - $676.40 COMMENTARY: It was an up and down trading day for precious metals with gold,silver and platinum finishing slightly off, while palladium finished slightly up. Recent news concerning the Fed QE2, euro debt crisis and the Chinese tightening of their market still pers... Read More
Mid – Day Gold & Silver Market Report – 11/15/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,373.50 Silver price - $26.26 Platinum price - $1,686.70 Palladium price - $683.40 COMMENTARY: The eurozone debt crisis continues to loom and drive the value of the US Dollar up. In a contrarian move relative to a strengthening dollar, precious meta... Read More
Morning Gold & Silver Market Report – 11/15/2010
At 8AM the APMEX precious metal prices were: Gold price - $1,368.30 Silver price - $26.00 Platinum price - $1,676.10 Palladium price -$677.50 COMMENTARY: The US Dollar appears to be firming as the Euro continues to weaken. Despite much speculation, there was no announcements from China over the weekend regarding a tightening monetary policy. A relative lack of new information has left the early morning... Read More
Closing Gold & Silver Market Report – 11/12/2010
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,369.60 Silver price - $26.11 Platinum price - $1,682.80 Palladium price - $679.30 COMMENTARY: China typically makes their economic announcements over the weekend. There are strong indications that they will announce measures to “cool” their economic growth. Read More
Mid – Day Gold & Silver Market Report – 11/12/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,366.10 Silver price - $26.01 Platinum price - $1,684.70 Palladium price - $677.00 COMMENTARY: The Chinese economy continues to heat up, which is why there are strong indications that the Chinese government will instill measures to curb inflation, to slow down growth. If the Chinese economy slows, they purchase less commodities, so worldwid... Read More
Morning Gold & Silver Market Report – 11/12/2010
At 8AM (CT) the APMEX precious metal prices were: Gold price - $1,391.00 Silver price - $27.11 Platinum price - $1,713.90 Palladium price - $701.50 COMMENTARY: Speculation that China might hike its interest rates to curb inflation has driven the Commodity markets down.Precious metals have been losing ground in early morning trading. In addition, Read More
Closing Gold & Silver Market Report –11/11/2010
At 4PM (CT) The APMEX precious metal prices were: Gold price - $1,409.90 Silver price - $27.75 Platinum price - $1,756.90 Palladium price - $714.00 COMMENTARY: Despite a strengthening US Dollar versus the Euro, precious metals prices held their own and rebounded throughout afternoon trading. Many investors feel precious metals will continue to rise. Gold spot price is up $8.... Read More
Mid – Day Gold & Silver Market Report – 11/11/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,404.90 Silver price - $27.32 Platinum price - $1,745.40 Palladium price - $706.00 COMMENTARY: The precious metal rally stalled in morning trading as the US Dollar rallied off the weakness of the Euro. The financial stability of the European Union is once again under ... Read More
Morning Gold & Silver Market Report – 11/11/2010
At 8AM (CT) the APMEX precious metal prices were: Gold price - $1,407.70 Silver price - $27.39 Platinum price - $1751.00 Palladium price - $718.00 COMMENTARY: Former Federal Reserve Chairman, Alan Greenspan, said that Washington was pursuing policies that will weaken the dollar. U.S. Treasury Secretary, Tim Geithner, claims the US will not weaken the dollar to spur growth. All ... Read More
Closing Gold & Silver Market Report – 11/10/2010
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,404.00 Silver price - $27.29 Platinum price - $1,739.20 Palladium price - $701.00 COMMENTARY: The Chicago Mercantile Exchange (CME) has raised the margin – how much cash an investor has to put up to cover a trade on COMEX silver futures contracts. These new margin requirements caused investors t... Read More
Mid – Day Gold & Silver Market Report – 11/10/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,396.00 Silver price - $26.90 Platinum price - $1741.40 Palladium price - $700.00 COMMENTARY: The US Dollar strengthened in morning trading, driving precious metals prices down sharply. Gold spot price is down $10.20 since the Morning Commentary – Silver spot has fallen $1.09 – Platinum spot price is down $28.60 – Palladium spot down $16.50. Read More
Morning Gold & Silver Market Report – 11/10/2010
At 8AM (CT) the APMEX precious metal prices were: Gold price - $1,406.20 Silver price - $27.99 Platinum price - $1,770.00 Palladium price - $716.50 COMMENTARY: The up coming jobs report and continued debt concerns in the Euro Zone are the headlines this morning. Precious metals are rebounding off yesterday’s lows and gold is again above the $1400 mark, while silver remains well above $27. Read More
Closing Gold & Silver Market Report – 11/09/2010
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,393.90 Silver price - $26.94 Platinum price - $1,763.10 Palladium price - $694.50 COMMENTARY: It has been a wild ride in the precious metals market today. In the morning, all metal prices were sharply up, then the US Dollar rebounded slightly, so profit takers rushed in sending the price of precious metals down. Prices did rebound again toward... Read More
Mid – Day Gold & Silver Market Report – 11/09/2010
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,422.80 Silver price - $29.12 Platinum price - $1,804.80 Palladium price - $744.30 Commentary: Gold, silver, platinum and palladium prices continue their sharp upward momentum throughout the morning. These gains are a continuation of the momentum created yesterday on news that the World Bank Chief was calling for a new gold standard; the displ... Read More
Morning Gold & Silver Market Report – 11/09/2010
At 8AM (CT) the APMEX precious metal prices were: Gold price - $1,415.80 Silver price - $28.23 Platinum price - $1,789.20 Palladium - $729.00 COMMENTARY: In overnight trading, precious metal prices continued to strengthen, with Gold spot price hitting another record high at $1422.10. Metal prices began a sharp incline yesterday, despite a slight increase in the US Dollar. Overnight, the US Dollar weakened... Read More
Closing Gold & Silver Market Report – 11/08/2010
At 4PM (CT) the APMEX precious metal spot prices were: Gold price - $1,410.20 Silver price - $27.77 Platinum price - $1,777.00 Palladium price - $710.00 COMMENTARY: We reported this morning that the World Bank Chief was calling for a new gold standard. At the time, we did not anticipate ho... Read More
Mid – Day Gold & Silver Market Report – 11/08/2010
At 12 PM (CT) the APMEX precious metal prices were: Gold price - $1,405.30 Silver price - $27.55 Platinum price - $1,770.00 Palladium price – $711.50 COMMENTARY: GOLD, SILVER AND PALLADIUM ARE ALL CROSSING DYNAMIC THRESHOLDS! Gold has hit another all time high as it crosses $1400 per oz.Silver has crossed the $27 barrier and Palladium continues to move up sharply, as it has now crossed $700. All this is o... Read More
Morning Gold & Silver Market Report – 11/8/2010
At 8AM (CT) the APMEX precious metal spot prices were: Gold price – $1,392.60 Silver price – $26.89 Platinum price - $1,759.50 Palladium price - $696.10 COMMENTARY: In late Friday night trading, gold spot price reached an all-time high of $1398.70. Precious metals have been under some selling pressure this morning, as the US Dollar is slightly higher. The US Dollar index remains technically and fundamenta... Read More
Closing Gold & Silver Market Report – 11/5/2010
At 4PM (CT) the APMEX precious metal spot prices were: Gold price – $1,395.00 Silver price – $26.77 Platinum price - $1,771.80 Palladium price - $688.50 COMMENTARY: A recent Reuters poll expects Gold to continue its record climb for another six months. So when do you know when to stop buying? According to one popular financial analyst, gol... Read More
Mid – Day Gold & Silver Market Report – 11/5/2010
At 12PM (CT) the APMEX precious metal spot prices were: Gold price - $1,394.40 Silver price - $26.74 Platinum price - $1,766.40 Palladium price - $688.20 COMMENTARY: Today's active market is an extension of heavy trading and upward price movement,that has been in play all week. Gold began the morning slightly down and then soon shot up, approaching $1400 before backing down to its current level, which is ... Read More
Morning Gold & Silver Market Report – 11/5/2010
At 8AM (CT) the APMEX precious metal spot prices were: Gold price - $1,381.40 Silver price - $26.12 Platinum price - $1,752.00 Palladium price - $676.00 COMMENTARY: The Federal Reserve’s decision to pump $600 billion dollars into the US economy is received mixed reviews locally, but not so mixed abroad. “With all due respect, U.S. Policy is clueless, “ stated German Finance Minister Wolfgang Schaeuble. Read More
Closing Gold & Silver Market Report – 11/4/2010
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,393.30 Silver price - $26.37 Platinum price - $1,786.80 Palladium price - $686.80 COMMENTARY: Precious metal prices surged all throughout the day, as investors continue flocking to the safety they provide. Although gold has seen significant price appreciation (over 400%) since 2001, lets not forget that historically, gold’s primary role is to p... Read More
Mid – Day Gold & Silver Market Report – 11/4/2010
At 12 PM (CT) the APMEX precious metal spot prices were: Gold price - $1,382.20 Silver price - $25.89 Platinum price - $1,754.40 Palladium price - $676.40 COMMENTARY: Precious metal prices are up sharply on concerns of yesterday’s Fed QE2 announcement. Is the dollar at risk of crashing, which would trigger inflation? Read More
Morning Gold & Silver Report – 11/4/2010
At 8AM (CT) the APMEX precious metal spot prices were: Gold price - $1,374.40 Silver price - $25.51 Platinum price - $1,744.00 Palladium price - $674.00 COMMENTARY: The US Dollar is experiencing more selling pressure, which sent precious metal spot prices up sharply in overnight trading. An article on the CNBC website today states that Central banks in the dev... Read More
Closing Gold & Silver Report – 11/3/2010
At 4PM (CT) the APMEX precious metal spot prices were: Gold price - $1,349.80 Silver price - $24.87 Platinum price - $1,706.50 Palladium price - $649.00 COMMENTARY: Early morning profit taking came to a halt, as the Federal Quantitative Easing announcement was more aggressive than expected. The gold spot price had declined as much as $30 before bouncing up $22 before close. Silver climbed from 90 cents down t... Read More
Mid-Day Gold & Silver Market Report – 11/3/2010
At 12PM (CT) the APMEX precious metal spot prices were: Gold price - $1,340.40 Silver price - $24.43 Platinum price - $1,697.00 Palladium price - $644.30 COMMENTARY: Equity and precious metal prices have slipped in morning trading, on speculation as to the details of QE2. It is generally expected that prices will dip if the monetary easing is less than expected and rise if more. This morning’s dips are la... Read More
Morning Gold & Silver Report – 11/3/2010
At 8AM (CT) the APMEX precious metal spot prices were: Gold price - $1,357.70 Silver price - $24.91 Platinum price - $1,716.00 Palladium price - $646.00 COMMENTARY: The US Election results came in as most pundits predicted. There has not been significant movement in either the equity or precious metals markets, as these results were already factored in. However, there is an upward pressure as we await the Fed... Read More
Closing Gold & Silver Report – 11/2/2010
At 4PM (CT) the APMEX precious metals spot prices were: Gold price - $1,358.00 Silver price - $24.96 Platinum price - $1,720.20 Palladium price - $646.80 COMMENTARY: Gold, silver and platinum spot prices continued to inch forward throughout the afternoon, like a nervous runner ready preparing at the starting block. How quickly they get out of the gate will be decided by the Federal Reserve Quantitative Ea... Read More
Mid-Day Gold & Silver Market Report – 11/2/2010
At NOON (CT) the APMEX precious metals spot prices were: Gold price - $1,354.00 - $1.50 Silver price - $24.79 - $0.05 Platinum price - $1,716.00 - $2.00 Palladium price - $647.00 - $6.80 COMMENTARY – Gold prices softened slightly, after a brief morning rally. The morning price rally reflected the weakness of the US Dollar... Read More
Morning Gold & Silver Report – 11/2/2010
At 8AM (CT) the APMEX precious metal spot prices were: Gold price - $1,355.50 +$3.20 Silver price - $24.84 +$0.18 Platinum price - $1,718.00 +$6.90 Palladium price - $653.80 + $1.00 COMMENTARY: Gold prices regained ground overnig... Read More
Closing Gold & Silver Market Report 11/1/10
At 5 PM(CT) the APMEX precious metals spot prices were: Gold price - $1,352.30; -$6.30 Silver price - $24.66; +$0.07 Platinum price - $1,711.10 +$5.00 Palladium price - $653.00 +$6.00 COMMENTARY: Gold and Silver held their ground in the afternoon after giving back some of the gains over the ... Read More
Mid-Day Gold & Silver Market Report – 3/1/2011
At NOON (CT) the APMEX precious metals spot prices were: Gold price - $1,430.60; +$19.70 Silver price - $34.47; +$0.58 Platinum price - $1,845.80 +$35.60 Palladium price - $816.90 +$17.30 COMMENTARY: Gold is breaking out on the upside of recent trading ranges as uncertainty increases across t... Read More
Morning Gold & Silver Market Report – 3/1/2011
At 10:30 AM(CT) the APMEX precious metals spot prices were: Gold price - $1,427.10; +$16.20 Silver price - $34.45; +$0.57 Platinum price - $1,840.60; +$30.40 Palladium price - $810.90; +$11.20 COMMENTARY: With the first day of March, markets are reminded of the protest scheduled for March 11... Read More
Closing Gold & Silver Market Report – 10/29/10
At 5 PM(CT) the APMEX precious metals spot prices were: Gold price - $1,360.80; +$17.30 Silver price - $24.77; +$0.86 Platinum price - $1,708.80; +$17.80 Palladium price - $649.50; +$18.10 COMMENTARY: Gold and Silver markets finished the day higher by wide margins from the previous day close... Read More
Mid-Day Gold & Silver Market Report
At NOON (CT) the APMEX precious metals spot prices were: Gold price - $1,358.60; +$15.10 Silver price - $24.49; +$0.59 Platinum price - $1,707.30; +$16.30 Palladium price - $644.30; +$12.80 COMMENTARY: The Gold and Silver markets advanced during morning trading to show increases of 1.1% and ... Read More
Morning Gold & Silver Market Report – 10/29/10
At 8:00 AM(CT) the APMEX precious metals spot prices were: Gold price - $1,350.60; +$7.10 Silver price - $24.19; +$0.29 Platinum price - $1,702.60; +$11.60 Palladium price - $643.10; +$11.70 COMMENTARY: The Gold markets moved more slowly overnight as the markets digested the jump in prices f... Read More
Closing Gold & Silver Market Report – 10/28/2010
At 5:00 PM(CT) the APMEX precious metals spot prices were: Gold price - $1,345.50; +$21.90 Silver price - $24.05; +$0.62 Platinum price - $1,695.80; +$18.70 Palladium price - $632.00; +$10.90 COMMENTARY: The Gold markets responded positively all day due to the falling Dollar caused by increa... Read More
Mid – Day Gold & Silver Market Report – 10/27/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,323.80 Silver - $23.53 Platinum - $1,677.70 Palladium – $621.20 COMMENTARY:Stocks, commodities and Treasury bonds are all sharply down this morning, on concerns that the November Federal Reserve QE will be much less aggressive than expected. The US dollar has been rising on this same speculation. The US stock market is in a triple digit decline. Glo... Read More
Morning Gold & Silver Market Report – 10/27/2010
At 8AM (CT) the APMEX spot prices were: Gold price - $1,329.60 Silver price - $23.65 Platinum price - $1,696.50 Palladium price – $623.00 COMMENTARY: World equity and precious metals markets were mostly down in overnight trading. Both markets have priced in an aggressive stimulus program by the Federal Reserve in November, but views are emerging that measures may be less than expected. Gold spot price is ... Read More
Closing Gold & Silver Market Report – 10/26/2010
At 4PM (CT) the APMEX spot prices were: Gold - $1,341.50 Silver - $23.91 Platinum - $1,706.00 Palladium - $630.80 COMMENTARY:Today was a day of choppy trading in both the equity and precious metals markets. Early in the day, indicators pointed to an increase in consumer confidence and then housing prices in 20 US cities rose less than forecasted and consumer confidence drops. This is a market looking for dire... Read More
Mid-Day Gold & Silver Market Report – 10/26/2010
At 12 PM (CT) the APMEX spot prices were: Gold - $1,339.90 Silver - $23.87 Platinum - $1,1703.60 Palladium - $627.50 COMMENTARY:The Bombay Bullion Association is reporting that Indian gold-jewelry demand is holding up despite higher gold prices. The Commerzbank is citing data that China was a net importer of silver in September, although it is the world’s third-largest silver producer. Gold and silver pri... Read More
Morning Gold & Silver Market Report – 10/26/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,334.90 Silver - $23.38 Platinum - $1,698.50 Palladium - $609.00 COMMENTARY:The US Dollar is up moderately against most rivals in morning trading.Many analysts see the dollar stabilizing in the short term because the effect of the expected quantitative easing is already built into the price structure. The one exception was the British pound, which surged on... Read More
Closing Gold & Silver Market Report – 10/25/2010
At 4PM (CT), the APMEX spot prices were: Gold - $1,340.20 Silver - $23.68 Platinum - $1,701.00 Palladium - $612.00 COMMENTARY: The US Dollar continues to be the driving factor in the price of gold and other precious metals. The chatter around the G20 will fade quickly, as the market is more interested in upcoming US Elections and Quantitative Easing. Palladium is on a role and could extend the 9-year high... Read More
Mid – Day Commentary – 10/25/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,336.30 Silver - $23.52 Platinum - $1,695.90 Palladium - $611.00 COMMENTARY:The price of gold, silver, platinum and palladium have retreated from earlier morning highs, but gains are still substantial. Gold spot is up $10.70 – Silver spot price up 38 cents – Platinum spot up $21.80 = Palladium spot up $17.90. Good news - existing home sales rose 10%, which... Read More
Morning Commentary – October 25, 2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,346.50 Silver - $23.82 Platinum - $1,703.10 Palladium - $613.90 COMMENTARY: The Finance Ministers at the G20 were quick to toast to a successful meeting, but at best, there appears to be an uneasy truce. You can find comments that progress was made and you can find disappointment that substantive measures were not adopted. The United States and China remai... Read More
Closing Commentary – 10/22/2010
As of 4PM (CT) the APMEX spot prices were: Gold - $1,329.00 Silver - $23.31 Platinum - $1,679.00 Palladium - $594.00 COMMENTARY: The US Dollar strengthened this week, pressuring gold to a six week low. However, we did see a slow rebound in prices during the afternoon, as all indicators from the G20 say that the currency wars are not going to end anytime soon. Gold is up over $5 in afternoon trading – Silv... Read More
Mid – Day Commentary – 10/22/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,323.70 Silver - $23.13 Platinum - $1,674.90 Palladium - $593.10 COMMENTARTY: The US Equity and world metals markets have both drifted slightly lower during the morning. News from the G20 meeting continues to portray a strong division in the support of the proposals laid forth from Mr.Geithner. China has made it clear that they are unwilling to to agree to... Read More
Morning Commentary – 10/22/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1326.00 Silver - $23.20 Platinum - $1674.00 Palladium - $585.50 COMMENTARY: The US Dollar has shown some weakness Friday morning, which curbs selling pressure as we move into the new trading session. At the G – 20 meeting, Tim Geithner’s proposal, aimed to drive up world currencies has been met with immediate resistance. Japan’s Finance Minister expres... Read More
Closing Commentary – 10/21/2010
At 4PM (CT) the APMEX spot prices were: Gold - $1,328.80 Silver - $23.23 Platinum - $1677.00 Palladium - $589.80 COMMENTARY:The US Dollar rebounded sharply today, which created pressure to capture profits in the precious metals markets.Precious metals were down across the board. A strong sell off in crude oil future prices only exacerbated the situation. We need to pay close attention to the G-20 meeting ... Read More
Mid-Day Commentary – 10/21/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,323.30 Silver - $23.24 Platinum - $1,670.70 Palladium - $590.00 COMMENTARY: The Washington Post reported this morning that the federal bailout for Fannie Mae and Freddie Mac, could more than double in size the next three years, which could cost the taxpayers as much as $215 billion dollars. The Equity Markets (which had been climbing) and the Precious Met... Read More
Morning Commentary – 10/21/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,340.60 Silver - $23.76 Platinum - $1,673.30 Palladium - $596.50 COMMENTARY: Precious metals were relatively quiet overnight before drifting downwards this morning. The US Dollar continues to retreat and has more than given back Tuesday’s gains. As you would expect, the equity markets rebounded as the US Dollar fell, recovering most of their losses. Althoug... Read More
Closing Commentary – 10/20/2010
At 4PM (CT) the APMEX spot prices were: Gold - $1,346.60 Silver - $23.99 Platinum - $1,686.10 Palladium – $591.00 COMMENTARY: The US Dollar continued its decline giving up yesterday’s gain and dropping to a 15-year low versus the Yen. The Federal Reserve regional survey showed a very “modest” expansion in September, which fuels speculation that the central bank will increase quantitative easing. In a CNBC... Read More
Mid – Day Commentary – 10/20/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,347.40 Silver - $23.89 Platinum - $1,686.50 Palladium - $592.50 COMMENTARY: The Atlanta Fed President, Dennis Lockhart, indicated that further monetary stimulus might take the form of 100 million dollars per month bond buys. In a CNBC interview he stated, “if we are going to pursue another round of quantitative easing, it has to be a large enough number t... Read More
Morning Commentary – 10/20/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,337.50 Silver - $23.67 Platinum - $1,672.00 Palladium - $581.60 COMMENTARY: Gold prices dropped by 2.5% on Tuesday, its biggest one day loss since July 1, however buyers stepped in overnight and gold is up $5 since yesterday’s closing commentary. Silver is up 28 cents; Platinum $6 and Palladium is up $9. THE US Dollar has weakened in early morning trading ... Read More
Closing Commentary – 10/19/2010
At 4PM (CT) the APMEX spot prices were Gold - $1,332.30 Silver – $23.39 Platinum - $1,666.50 Palladium - $572.40 COMMENTARY: The day brought two surprises. First, the unexpected announcement that China was raising its lending rates by .25% thus driving up the price of the dollar, and then the eight firms suing Bank of America for 47 billion dollars over failures related to mortgage securities. These two a... Read More
Mid-Day Commentary – 10/19/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,341.80 Silver - $23.93 Platinum – $1,675.50 Palladium - $580.00 COMMENTARY:All metal prices have stabilized after a strong retreat overnight. This can be attributed to profit taking as well as to a strong reaction to the unexpected announcement out of China to raise its lending rates by .25%. The Chinese news did spur a rally in the US Dollar.... Read More
Morning Commentary – 10/19/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,347.10 Silver - $23.79 Platinum - $1,674.70 Palladium - $574.50 COMMENTARY – The US Dollar regained a bit of strength overnight, causing the precious metals prices to soften. US Treasury Secretary Tim Geithner said that confidence in the Dollar is paramount. Although a steady US Dollar is a negative for Gold, the basic US economic fundamentals have not cha... Read More
Closing Commentary – 10/18/2010
At 4PM (CT) the APMEX spot prices were: Gold - $1,369.30 Silver - $24.39 Platinum - $1,695.00 Palladium - $590.50 COMMENTARY – Although the market retreated slightly from the Mid-Day highs, it rebounded strongly from the Morning lows. Gold was in demand from buyers who believe that it is a bargain at these price levels. Gold prices are up 9% since September and more than 22% this year alone. Read More
Mid-Day Commentary – 10/18/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,372.80 Silver - $24.44 Platinum - $1,695.50 Palladium - $589.00 COMMENTARY – After a strong sell-off overnight in Europe, Gold prices rebounded a bit as bargain hunters bought Gold in anticipation of further gains. Prices moved upwards through the mid-day point. Demand across the board for all precious metals was brisk. Read More
Morning Commentary – 10/18/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,363.50 Silver - $24.13 Platinum - $1,682.50 Palladium - $584.00 COMMENTARY - The US Dollar rebounded overnight in Europe against other currencies, sending the price of Gold downward. The US Dollar’s strength is not a sign of US long-term economic good health; the market believes this to be more of a correction. Gold seems to be taking its direc... Read More
Closing Commentary – 10/15/2010
AT 4PM (CT) the APMEX spot prices were: Gold - $1,369.00 Silver – 24.33 Platinum – 1,696.30 Palladium – 593.50 COMMENTARY – After starting off in positive territory, the precious metal market gave back most of its progress. Prices retreated on widespread profit-taking and pronouncements coming from the Federal Reserve Bank Chair Ben Bernanke. Although the stock market ended the week higher, it, too, was down ... Read More
Mid-Day Commentary – 10/15/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,373.30 Silver - $24.42 Platinum - $1,699.00 Palladium - $592.30 COMMENTARY – Precious Metal prices are still higher than they were at the Morning Commentary but are trending weaker as we hit mid-day. Fed Chairman Ben Bernanke spoke in Boston this morning and stated that there “would appear to be a case for further action.” The markets interpreted that th... Read More
Morning Commentary – 10/15/2010
At 8AM (CT) the APMEX spot Prices were: Gold - $1,370.50 Silver - $24.35 Platinum - $1,694.10 Palladium - $597.10 COMMENTARY – Precious Metal prices fluctuated overnight and are opening cautiously this morning. Meeting in Boston today, Fed Chairman Ben Bernanke stated that the Federal Reserve is prepared to take action because they believe that inflation is too low and that unemployment ... Read More
Closing Commentary – 10/14/2010
At 4PM (CT) the APMEX spot prices were: Gold - $1,382.20 Silver - $24.66 Platinum - $1,715.30 Palladium - $605.60 COMMENTARY – Although Gold and Silver did not trade above the highs hit overnight, the spot prices did end up higher than they began the day’s trading. All 4 metals were very active. There was a late day rally in the US Dollar and the Dow Jones Industrial Average rose a bit to end the day down onl... Read More
Mid–Day Commentary – 10/14/2010
At 12PM (CT) the APMEX spot prices were: Gold - $1,374.40 Silver - $24.46 Platinum - $1,712.50 Palladium - $603.40 COMMENTARY – Gold prices were fairly stable this morning and trading has been very active. Silver, Platinum and Palladium are all a few ticks higher than at the open. The precious metal market did not continue last night’s strong surge upward because of activity in the currency exchange marke... Read More
Morning Commentary – 10/14/2010
At 8AM (CT) the APMEX spot prices were: Gold - $1,377.90 Silver - $24.38 Platinum - $1,711.50 Palladium - $601.00 COMMENTARY – Overnight, Gold prices reached new all-time highs with gold spot rallying to $1,388.20 per Troy Ounce. Silver also showed remarkable strength climbing to a 30-year high of $24.94. One of the factors continuing to push precious metal prices higher is that the US Dollar index, a mea... Read More
Disclaimer:
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.
