by
Mike Garofalo
October 15, 2010
At 12PM (CT) the APMEX spot prices were:
- Gold - $1,373.30
- Silver - $24.42
- Platinum - $1,699.00
- Palladium - $592.30
COMMENTARY – Precious Metal prices are still higher than they were at the Morning Commentary but are trending weaker as we hit mid-day. Fed Chairman Ben Bernanke spoke in Boston this morning and stated that there “would appear to be a case for further action.” The markets interpreted that this would mean expanded asset purchases by the Fed. This seemed to move Precious Metal prices upwards. But profit-taking and stronger than expected September US retail sales scuttled any further morning rally in Precious Metal markets.
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