Morning Commentary – 10/21/2010
At 8AM (CT) the APMEX spot prices were:
- Gold - $1,340.60
- Silver - $23.76
- Platinum - $1,673.30
- Palladium - $596.50
COMMENTARY: Precious metals were relatively quiet overnight before drifting downwards this morning. The US Dollar continues to retreat and has more than given back Tuesday’s gains. As you would expect, the equity markets rebounded as the US Dollar fell, recovering most of their losses. Although, the same recovery for precious metals is expected, it has not occurred. Gold is down $4 – Silver 8 cents – Platinum $3, while Palladium is up almost $4.
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.