Mid – Day Gold & Silver Market Report – 1/6/2011
At 12PM (CT) the APMEX precious metal prices were:
- Gold price - $1,375.10
- Silver price - $29.30
- Platinum price - $1,732.50
- Palladium price - $764.30
COMMENTARY: There has been much written this week about the price of precious going down due to the renewed enthusiasm for more risk (stocks), however, nothing significant has materialized. Perhaps the enthusiasm for economic growth is waning? Early in the new year there are always so many forecasts with different points of view, it is difficult for the individual investor to make sense of it all. Increased appetite for risk or not, it would appear that the safe haven value of gold is still very much in play.
Gold spot price is up $.40 – Silver spot is up $.08 – Platinum spot price is up $.40 – Palladium spot price is down $12.00
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.