Our Daily
Market Reports

Morning Gold & Silver Market Report – 11/5/2010

At 8AM (CT) the APMEX precious metal spot prices were:

  • Gold price - $1,381.40
  • Silver price - $26.12
  • Platinum price - $1,752.00
  • Palladium price - $676.00

 

COMMENTARY: The Federal Reserve’s decision to pump $600 billion dollars into the US economy is received mixed reviews locally, but not so mixed abroad. “With all due respect, U.S. Policy is clueless, “ stated German Finance Minister Wolfgang Schaeuble. This opinion is shared by China and world's new economic powerhouses in Latin America and Asia. All of this sets up for a contentious G20 Summit November 11-12. Mr.Geithner stated prior to the last summit, that he would not start a currency war and that he would protect against the devaluation of the US Dollar. He might have some explaining to do.

Overnight profit taking has taken precious down slightly except for silver. Gold spot price down $2.70 – Platinum price down $3.90 – Palladium price down 70 cents – Silver price up 3 cents.

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Our spot prices are subject to change during the following hours, excluding holidays:

 
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Silver
Platinum
Palladium
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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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