Morning Commentary – 10/22/2010
At 8AM (CT) the APMEX spot prices were:
- Gold - $1326.00
- Silver - $23.20
- Platinum - $1674.00
- Palladium - $585.50
COMMENTARY: The US Dollar has shown some weakness Friday morning, which curbs selling pressure as we move into the new trading session. At the G – 20 meeting, Tim Geithner’s proposal, aimed to drive up world currencies has been met with immediate resistance. Japan’s Finance Minister expressed he thought it was “unrealistic” to set targets. Precious metals investors will continue to monitor this world forum carefully. Gold is down $2.80 from 4PM (CT) on Thursday – Silver down 3 cents – Platinum down $3 – Palladium down $4.30.
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