APMEX Market Commentary Archive October 2010

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News and Commentaries Morning Commentary – 10/20/2010 by Peter LaTona October 20, 2010 At 8AM (CT) the APMEX spot prices were: Gold - $1,337.50 Silver - $23.67 Platinum - $1,672.00 Palladium - $581.60 COMMENTARY: Gold prices dropped by 2.5% on Tuesday, its biggest one day loss since July 1, however buyers stepped in overnight and gold is up $5 since yesterda... [more] Closing Commentary – 10/19/2010 by Peter LaTona October 19, 2010 At 4PM (CT) the APMEX spot prices were Gold - $1,332.30 Silver – $23.39 Platinum - $1,666.50 Palladium - $572.40 COMMENTARY: The day brought two surprises. First, the unexpected announcement that China was raising its lending rates by .25% thus driving up the price of the ... [more] Mid-Day Commentary – 10/19/2010 by Peter LaTona October 19, 2010 At 12PM (CT) the APMEX spot prices were: Gold - $1,341.80 Silver - $23.93 Platinum – $1,675.50 Palladium - $580.00 COMMENTARY:All metal prices have stabilized after a strong retreat overnight. This can be attributed to profit taking as well as to a strong reaction to... [more] Morning Commentary – 10/19/2010 by Mike Garofalo October 19, 2010 At 8AM (CT) the APMEX spot prices were: Gold - $1,347.10 Silver - $23.79 Platinum - $1,674.70 Palladium - $574.50 COMMENTARY – The US Dollar regained a bit of strength overnight, causing the precious metals prices to soften. US Treasury Secretary Tim Geithner said that con... [more] Closing Commentary – 10/18/2010 by Mike Garofalo October 18, 2010 At 4PM (CT) the APMEX spot prices were: Gold - $1,369.30 Silver - $24.39 Platinum - $1,695.00 Palladium - $590.50 COMMENTARY – Although the market retreated slightly from the Mid-Day highs, it rebounded strongly from the Morning lows. Gold was in demand from buyers who bel... [more] Mid-Day Commentary – 10/18/2010 by Mike Garofalo October 18, 2010 At 12PM (CT) the APMEX spot prices were: Gold - $1,372.80 Silver - $24.44 Platinum - $1,695.50 Palladium - $589.00 COMMENTARY – After a strong sell-off overnight in Europe, Gold prices rebounded a bit as bargain hunters bought Gold in anticipation of further gains. Prices mov... [more] Morning Commentary – 10/18/2010 by Mike Garofalo October 18, 2010 At 8AM (CT) the APMEX spot prices were: Gold - $1,363.50 Silver - $24.13 Platinum - $1,682.50 Palladium - $584.00 COMMENTARY - The US Dollar rebounded overnight in Europe against other currencies, sending the price of Gold downward. The US Dollar’s strength is not a... [more] Closing Commentary – 10/15/2010 by Mike Garofalo October 15, 2010 AT 4PM (CT) the APMEX spot prices were: Gold - $1,369.00 Silver – 24.33 Platinum – 1,696.30 Palladium – 593.50 COMMENTARY – After starting off in positive territory, the precious metal market gave back most of its progress. Prices retreated on widespread profit-taking and pron... [more] Mid-Day Commentary – 10/15/2010 by Mike Garofalo October 15, 2010 At 12PM (CT) the APMEX spot prices were: Gold - $1,373.30 Silver - $24.42 Platinum - $1,699.00 Palladium - $592.30 COMMENTARY – Precious Metal prices are still higher than they were at the Morning Commentary but are trending weaker as we hit mid-day. Fed Chairman Ben Bern... [more] Morning Commentary – 10/15/2010 by Mike Garofalo October 15, 2010 At 8AM (CT) the APMEX spot Prices were: Gold - $1,370.50 Silver - $24.35 Platinum - $1,694.10 Palladium - $597.10 COMMENTARY – Precious Metal prices fluctuated overnight and are opening cautiously this morning. Meeting in Boston today, Fed Chairman Ben Be... 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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.