Closing Gold & Silver Market Report – 12/30/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,405.00
- Silver price - $30.46
- Platinum price - $1,749.00
- Palladium price - $788.00
COMMENTARY: Stocks are down modestly for the day. Precious metal prices diminished with stock prices, probably due to brokerage sell-off and the surprisingly good economic news. However, Frank McGee of Integrated Brokerage Services says, “The economy is still on life support” and if the Fed had not taken any action, “we would still be down on recession.” Going into 2011, it is not surprising that you hear opinions on all sides of the fence. The economy will be great! The economy will be not so great! Gold will gold up! Gold will go down! Next Monday, we will begin to see who is correct. Happy New Year!
Gold spot price is down $9.00 – Silver price is down 25 cents – Platinum is down $6.20 – Palladium is down $6.40
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