At 12 PM (CT) the APMEX precious metal spot prices were:
Gold price - $1,382.20
Silver price - $25.89
Platinum price - $1,754.40
Palladium price - $676.40
COMMENTARY: Precious metal prices are up sharply on concerns of yesterday’s Fed QE2 announcement. Is the dollar at risk of crashing, which would trigger inflation? Is this a policy with good intentions but unwelcome results? There is much to debate and much to consider. Precious metal investors are placing their bets on the unwelcome results. Gold spot price is up $43.70 – Silver spot is up $1.42 – Platinum spot price is up $58.20 – Palladium spot price is up $32.50.
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.