Our Daily
Market Reports

Mid-Day Commentary – 10/15/2010

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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Disclaimer:
APMEX’s ‘Market Reports’ 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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