Mid – Day Gold & Silver Market Report – 12/30/2010

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,406.00
  • Silver price - $30.48
  • Platinum price - $1,746.00
  • Palladium price – $787.50


COMMENTARY: The dollar continued to decline today, but there is some good news. Jobless claims decreased to the lowest levels in two years. John Silvia, Chief Economist at Wells Fargo Securities in North Carolina, says that business confidence is starting to appear and really just waiting on the American consumer. Of course, there was more negative news on housing and prices are expected to dip in 2011.

Precious metals prices are still being influenced by brokerages selling off prior to the end of the year, but according to Frank Lesh, gold is still an alternative to foreign monies and our own government money.

Gold spot price is down $8.00 –Silver spot is off 23 cents – Platinum spot price is down $9.20 – Palladium price is off $6.90

Prices are down but trading volumes are very low.

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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.

US Dollar Prices are in USD

Precious Metal Prices
4/25/2014 2:09:35 AM EST

Metal Bid Ask Change
Gold $1,292.80 $1,294.80 $2.20
Silver $19.54 $19.64 ($0.11)
Platinum $1,404.70 $1,414.70 $5.10
Palladium $798.70 $803.70 $0.40
4/25/2014 2:09:35 AM EST

Click here for Historical Charts*All Charts are in USD

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