Closing Gold & Silver Market Report – 10/26/2010
At 4PM (CT) the APMEX spot prices were:
- Gold - $1,341.50
- Silver - $23.91
- Platinum - $1,706.00
- Palladium - $630.80
COMMENTARY:Today was a day of choppy trading in both the equity and precious metals markets. Early in the day, indicators pointed to an increase in consumer confidence and then housing prices in 20 US cities rose less than forecasted and consumer confidence drops. This is a market looking for direction. The exception is Palladium, which continues to rise on supply side concerns. Gold spot is up $6 from our Morning Commentary – Silver spot price is up 52 cents – Platinum spot price is up $7.50 and Palladium spot is up $21.80.
For those wishing to take advantage of the uptick in Palladium, the Palladium Canadian Maple Leaf is the popular choice.
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.