Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 12/8/2010

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

  • Gold price – $1,382.80
  • Silver price – $28.34
  • Platinum price - $1,676.90
  • Palladium price - $729.00

 

COMMENTARY:  Confidence in the U.S. dollar continues to climb pushing precious metals spot prices down.  This confidence may be short lived as some officials believe the U.S. fiscal health is far worse than the European Union’s.  A new study shows Americans have saved less than 7% of their retirement “nest egg.”  Fearing a drop in the value of the dollar, many investors have turned to commodities including precious metals for long-term returns. 

Gold price is down $26.20 – Silver spot price is down $1.44 – Platinum price is down $29.30 – Palladium spot price is down $9.70

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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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