Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/14/2010

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,396.40
  • Silver price - $29.52
  • Platinum price - $1,708.90
  • Palladium price - $761.50

 

COMMENTARY: Precious metal prices settled as the Federal Reserve announcement was basically the same old same old. It begs the question, is this latest gold rally for real? We think prices are poised for another breakout, but you need to be the judge. A BofA Economist thinks there may be even more fed easing…QE3?

Gold spot price was off $1.50 – Silver price down 9 cents and both Platinum and Palladium continued to climb – Platinum up another $10.60- Palladium price up $8.60

Platinum and Palladium bars are great ways to invest in these rising markets.

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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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