At 8:04 AM (CT) the APMEX precious metals prices were:
Gold price - $1,409.20
Silver price - $33.02
Platinum price - $1,793.10
Palladium price - $786.60
COMMENTARY: The stock market seems to be on the move with oil starting to stabilize over news from Libya that Moammar Gadhafi’s grip is slipping, especially in the oil-rich eastern region. The domestic economic news revolves around a revision to the Gross Domestic Product (GDP) for the 4th quarter that actually downgraded the GDP from 3.2 originally to 2.8. This report confirms the Federal Reserve’s concerns over growth being tied so heavily to unemployment. This report is easing inflation concerns, as the Federal Reserve will look to continue with their QE2 plans and try and keep interest rates lower.
Gold spot price is down $7.60 – Silver price is down 25 cents – Platinum spot price is up $5.30 – Palladium price is up $6.90
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.