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Market Reports

Mid – Day Gold & Silver Market Report – 11/08/2010

At 12 PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,405.30
  • Silver price - $27.55
  • Platinum price - $1,770.00
  • Palladium price – $711.50

 

COMMENTARY: GOLD, SILVER AND PALLADIUM ARE ALL CROSSING DYNAMIC THRESHOLDS! Gold has hit another all time high as it crosses $1400 per oz.Silver has crossed the $27 barrier and Palladium continues to move up sharply, as it has now crossed $700. All this is occurring in a day where there is no significant economic news. These price spikes are largely still a reaction to last week’s Fed QE2 announcement. Regarding last week’s announcement, the other members of the G20 summit are not happy and tensions are building prior to the next meeting this week. 

Gold spot price is up $12.70 from the Morning Commentary – Silver price is up 66 cents – Platinum spot price is up $10.50 – Palladium price is up $12.40.

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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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