Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/28/2010

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

  • Gold price - $1,407.20
  • Silver price - $30.32
  • Platinum price - $1,756.40
  • Palladium price - $789.00

COMMENTARY:  Precious metals prices are holding on to their gains from earlier in the day, with gold still above $1,400 and silver above $30. Marketwatch has a short summary of how metals hold a negative correlation to moves in the US Dollar. In related news, consumer confidence “deteriorated” in December, and the US housing market dropped more than expected in October, according to the S&P/Case-Shiller index. These are two factors of the value of the Dollar going down, which is driving metals prices up.

Gold spot price was up $23.80 – Silver spot price was up $1.05 – Platinum spot price was up $19.90 – Palladium spot price was up $20.90

Silver and Palladium had huge gains (3.5% and 2.7%, respectively) today. 2011 Austrian Silver Philharmonics (also part of our IRS sale) or Pamp Suisse Palladium Bars are great items to start or add to your portfolio.

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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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