Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 12/7/2010

At 12PM (CST) the APMEX precious metals prices were:

  • Gold price – $1,410.20
  • Silver price – $29.82
  • Platinum price - $1,706.50
  • Palladium price - $739.90

 

COMMENTARY:  The psychological barrier attached to gold seems to have broken $1,400/oz.  Gold for February delivery lost a few dollars after it looked poised to set a new futures record.  Precious metals spot price records are somewhat subjective, anyway.  Gold would need to reach $2,322/oz. to break its record when the prices are adjusted for inflation. A leading cause of gold’s slight dip is news of China’s plans to increase interest rates in an effort to stave off inflation.

 

Gold price is down $5.70 – Silver spot price is up $0.09 – Platinum price is down $8.10 – Palladium spot price is down $11.60

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Disclaimer:
APMEX’s ‘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, three times during the trading day. 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 "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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