Our Daily
Market Reports

Morning Commentary – October 25, 2010

At 8AM (CT) the APMEX spot prices were:

  • Gold - $1,346.50
  • Silver - $23.82
  • Platinum - $1,703.10
  • Palladium - $613.90

 

COMMENTARY: The Finance Ministers at the G20 were quick to toast to a successful meeting, but at best, there appears to be an uneasy truce. You can find comments that progress was made and you can find disappointment that substantive measures were not adopted. The United States and China remain at opposite ends of the debate, with little done to bridge the gap. The decision to shift 6% of the IMF voting power to Emerging Market Countries is a reflection of the shift of economic power to the East. There is much to be done, as trade imbalances have other fundamental issues to be worked out besides currency movements.

The price of all Precious Metals are on the rise in early trading. Gold rose more than 1% and Palladium is the highest it has been since 2001.

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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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