Our Daily
Market Reports

Morning Gold & Silver Market Report – 12/23/2010

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

  • Gold price - $1,379.70
  • Silver price - $29.20
  • Platinum price - $1,724.20
  • Palladium price - $750.80

 

COMMENTARY: The precious metals market is opening down this morning. Gold spot price is off $8.30 – Silver spot is off 20 cents – Platinum spot price is off $7.70 – Palladium price is off $5.40. Gold did bounce as news was released that jobless claim were lower by 17,000 and durable-goods orders fell a bigger than expected 1.3%. 

Once again, this year end dip should not come as a surprise considering the huge gains achieved in 2010. Institutional investors and hedge funds need to actualize profits. The gold market has taken a holiday break and we all await the direction it takes in the new year.

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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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