Our Daily
Market Reports

Mid – Day Commentary – 10/22/2010

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

  • Gold - $1,323.70
  • Silver - $23.13
  • Platinum - $1,674.90
  • Palladium - $593.10

 

COMMENTARTY: The US Equity and world metals markets have both drifted slightly lower during the morning. News from the G20 meeting continues to portray a strong division in the support of the proposals laid forth from Mr.Geithner. China has made it clear that they are unwilling to to agree to a G20 communiqué that binds countries to limits on current account balances or any other rules regulating currency policy. Trading will most likely remain in a tight range until more information about the G20 meeting surfaces.

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

 
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Platinum
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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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