Our Daily
Market Reports

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

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

  • Gold price - $1,381.40
  • Silver price - $29.34
  • Platinum price - $1,720.60
  • Palladium price - $757.70

 

COMMENTARY: Commodity prices have always been seen as moving opposite to the US Dollar, but Jeff Cos, CNBC.com Staff Writer, builds a case that neither stocks nor commodities need a weak dollar for growth. Investors have witnessed this phenomenon with precious meal prices of late, as they have often moved up as the US dollar moved up.

Gold spot price finished down $6.50 – Silver price down 7 cents – Platinum spot price is down $11.60 – Palladium price was up $1.60

A story surfaced again this week that Russian mines will have insignificant amounts of palladium in 2011 and none in 2012. Palladium bars are a great way to invest in this potential supply shortage.

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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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