by
Timothy Oakes
January 25, 2011
At 12 PM (CT) the APMEX precious metal spot prices were:
- Gold: $1,333.70
- Silver: $26.90
- Platinum: $1,786.10
- Palladium: $786.00
COMMENTARY: The safe-haven appeal of precious metals seems to be waning over increased consumer confidence and the outlook for jobs looking a lot more favorable. The economic conditions are still tempered by global concerns, especially those involving the unexpected decline in the British economy and concern over Spain’s plan to strengthen its banking sector. However, analysts are still confident in the long term outlook for gold. Baycram Dincer of LGT Capital Management in Switzerland says, “The fact that people will continue to hold gold and further increase investment in gold makes us very bullish for the precious metal."
Gold spot price is down $12.80 – Silver price is down 49 cents – Platinum spot price is down $32.50 – Palladium price is down $31.60
DISCLAIMER:
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.