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Market Reports

Mid – Day Gold & Silver Market Report – 12/14/2010

At 12 PM (CT) the APMEX precious metal prices were:

  • Gold price  - $1,404.00
  • Silver price - $29.78
  • Platinum price - $1,714.30
  • Palladium price - $768.50

 

COMMENTARY: For most of the morning precious metal prices were off slightly. This should not be a surprise for as most investors understand, gold has the highest negative correlation to stocks than any other asset. European and US Stocks have been up all morning, so precious metal prices were in slight decline. The US Dollar is also up , which again tends to inhibit gold price. Of course, we are still awaiting the outcome of today’s Fed Policy meeting.

As I write this commentary precious metals have begun to reverse and go up. What are they anticipating as a result of today's Federal reserve meeting?

Gold spot price is up $6.00 – Silver price is up 16 cents – Platinum spot price is up $16.00- Palladium price is up yet again to $16.10

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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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