by
Peter LaTona
October 26, 2010
At 12 PM (CT) the APMEX spot prices were:
- Gold - $1,339.90
- Silver - $23.87
- Platinum - $1,1703.60
- Palladium - $627.50
COMMENTARY:The Bombay Bullion Association is reporting that Indian gold-jewelry demand is holding up despite higher gold prices. The Commerzbank is citing data that China was a net importer of silver in September, although it is the world’s third-largest silver producer. Gold and silver prices have traded in a narrow range throughout the morning, but may be breaking to the upside. Palladium prices continue a sharp upward trend. Gold spot price is up $5.00 from the Morning Commentary – Silver spot is up 49 cents – Platinum spot price is up$4.90 – Palladium spot is up $18.50
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.