Mid Day Gold & Silver Market Report – 12/15/2010
At 12PM (CT) the APMEX precious metal prices were:
- Gold price - $1387.00
- Silver price - $29.23
- Platinum price - $1,706.10
- Palladium price - $753.80
COMMENTARY: Gold spot price has come down another $2.10 since the morning commentary, while silver price has climbed 17 cents. The US Dollar is up again and gold prices are down as a result. The long term outlook for precious metals still remain strong. Although BofA is picking copper as the top performing commodity in 2011, they still expect to see gold prices at $1500. We have not addressed the European issues recently, but they are making news again. Moody’s is warning that Spain’s debt could be downgraded. In other news, Europeans are not taking austerity measures very well. There is a great deal of social unrest.
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.