Closing Gold & Silver Market Report –12/22/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,386.00
- Silver price - $29.26
- Platinum price - $1,724.60
- Palladium price - $752.30
COMMENTARY: As we have been reporting of late, gold trading will most likely be lack luster until year’s end, as profits are taken by hedge funds and large institutional gold buyers. They need to square their books and positions…but once 2011 hits, things may change rapidly.
Gold spot price finished down $3.30 – Silver price was down 14 cents – Platinum spot price was up $1.70 – Palladium spot was down $1.80
There are gold investors who prefer bars and there are those who prefer coins such as Gold American Eagles, Gold Canadian Maple Leafs or the very first gold coin the South African Krugerrand. No matter your preference, with gold prices poised for action in 2011, now might be the time to establish a position.