At 8AM (CT) the APMEX spot prices were:
- Gold - $1,334.90
- Silver - $23.38
- Platinum - $1,698.50
- Palladium - $609.00
COMMENTARY:The US Dollar is up moderately against most rivals in morning trading.Many analysts see the dollar stabilizing in the short term because the effect of the expected quantitative easing is already built into the price structure. The one exception was the British pound, which surged on the news of stronger than expected economic growth in the UK. Concerns on foreclosure problems at US Banks will continue to be a factor, until there is more transparency and information.
Gold spot prices are down $5.30 since yesterdays Closing Commentary – Silver spot down 30 cents – Platinum spot down $2.50 – Palladium spot down $3.