by
Timothy Oakes
January 27, 2011
At 12 PM (CT) the APMEX precious metal prices were:
- Gold price: $1,322.50
- Silver price: $27.13
- Platinum price: $1,801.00
- Palladium price: $813.40
COMMENTARY: Precious metals are definitely on the move today, as the initial positive economic data and potential increases in global interest rates had tempered the safe haven appeal of gold. However, the news regarding jobless benefits claims increasing has seemed to be a factor in the slowdown of the initial price drop of precious metals, with the prices of platinum and palladium gaining for the day. Analysts are still predicting a northward direction for gold based on data coming within the next couple of weeks about the true strengthening of the U.S. economy.
Gold spot price is down $12.00 – Silver is down 6 cents – Platinum spot price is up $5.10 – Palladium price is up $7.80
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.