Morning Gold & Silver Market Report – 12/29/2010
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,406.30
- Silver price - $30.47
- Platinum price - $1,749.50
- Palladium price - $789.30
COMMENTARY: Gold is holding steady above $1400 as recent US data showed a decline in consumer confidence and housing. Palladium is hitting nine-year highs on expectations of high demand in 2011 and lower supply coming out of Russia. Silver went above $30 and is still climbing in early morning trades. The Us Dollar has steadied this morning vs the euro, but it is falling vs the Aussie and yen.
Gold spot price is up 20 cents – Silver price is up 14 cents – Platinum spot price is down $3.20 – Palladium spot is up $1.10
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.