Morning Gold & Silver Market Report – 12/9/2010

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,389.60
  • Silver price - $28.78
  • Platinum price - $1,690.00
  • Palladium price - $744.50


COMMENTARY: Yesterday’s corrections are leading to early morning gains in the precious metals market. The supply side of market forces often escape the headlines, but they factor in none the less. Reuters reports today that South African gold output fell 1.5% y/y in October. If previous reports coming out of Russia that Palladium stockpiles could run short in 2011 hold, Palladium prices will continue to skyrocket. If optimism of the automobile industry proves accurate, demand for both Palladium and Platinum will only increase.

Are we out of the woods? Depends on who you speak to. US home values are expected to drop by $1.7 trillion this year. There has been optimism expressed for the automobile industry, but overall, the markets still appear to be worried. Today’s jobs report continues to cause concern.

Gold spot price is up $6.40 – Silver price is up 54 cents – Platinum spot price is up $7.60 – Palladium is up $15.50

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APMEX’s ‘News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/24/2014 1:14:31 AM EST

Metal Bid Ask Change
Gold $1,285.60 $1,287.60 $1.00
Silver $19.40 $19.50 $0.01
Platinum $1,394.60 $1,404.60 $0.70
Palladium $781.80 $786.80 ($0.30)
4/24/2014 1:14:31 AM EST

Click here for Historical Charts*All Charts are in USD

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