Mid-Day Gold & Silver Market Report – 2/21/2010

At 12PM (CT) the APMEX precious metals prices were:

  • Gold – $1,407.10
  • Silver – $33.95
  • Platinum – $1,854.00
  • Palladium – $860.00

COMMENTARY:  As the precious metals market prepares to close at 12:15 PM (CT), prices continue to rise. Libya’s credit rating has taken a hit from Fitch Ratings amid the political turmoil they are experiencing. Fitch also warns that the rating could dip farther without a resolution to the crisis. The protests have now reached the Libyan capitol, and over 200 people (dozens more overnight) are reported to have been killed.

The Euro Zone debt crisis still isn’t over. There are still fears that other countries may need assistance from the European Union, but even those who have received assistance are not in the clear yet. Greece and Ireland are still having issues. It’s no wonder that precious metals prices are on the rise with the geopolitical tensions in the Middle East and financial worries across the globe boosting the safe-haven appeal of the metals.

Gold spot price is up $18.00 on the day.  Silver spot price is up $1.57.  Platinum spot price is up $10.70.  Palladium spot price is up 40 cents.

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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.

US Dollar Prices are in USD

Precious Metal Prices
4/24/2014 12:09:24 AM EST

Metal Bid Ask Change
Gold $1,286.80 $1,288.80 $2.20
Silver $19.43 $19.53 $0.04
Platinum $1,396.10 $1,406.10 $2.20
Palladium $782.60 $787.60 $0.70
4/24/2014 12:09:24 AM EST

Click here for Historical Charts*All Charts are in USD

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