COMMENTARY – Precious Metal prices fluctuated overnight and are opening cautiously this morning. Meeting in Boston today, Fed Chairman Ben Bernanke stated that the Federal Reserve is prepared to take action because they believe that inflation is too low and that unemployment is coming down too slowly. Gold is up 26% this year and if it remains in positive territory this will be the 10th consecutive year of annual gains. That is Gold’s longest winning streak since 1920.
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.
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