Our Daily
Market Reports

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

When looking to protect your assets with physical gold as an investment, Pamp Suisse Gold Bars are a popular item to have in 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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