Our Daily
Market Reports

Mid-Day Commentary – 10/21/2010

At 12PM (CT) the APMEX spot prices were:

  • Gold - $1,323.30
  • Silver - $23.24
  • Platinum - $1,670.70
  • Palladium - $590.00

 

COMMENTARY: The Washington Post reported this morning that the federal bailout for Fannie Mae and Freddie Mac, could more than double in size the next three years, which could cost the taxpayers as much as $215 billion dollars. The Equity Markets (which had been climbing) and the Precious Metal Markets (which was down slightly) both began to lose ground rapidly on the news. The US Dollar is now in positive territory, after beginning the day in the red. Gold is down $17 from the Morning Commentary…Silver down 50 cents…Platinum down $3…Palladium down $6.50

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Our spot prices are subject to change during the following hours, excluding holidays:

 
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Silver
Platinum
Palladium
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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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