AT 4PM (CT) the APMEX spot prices were:
- Gold - $1,369.00
- Silver – 24.33
- Platinum – 1,696.30
- Palladium – 593.50
COMMENTARY – After starting off in positive territory, the precious metal market gave back most of its progress. Prices retreated on widespread profit-taking and pronouncements coming from the Federal Reserve Bank Chair Ben Bernanke. Although the stock market ended the week higher, it, too, was down for the day. Higher than expected retail sales helped to increase precious metal selling pressure.
APMEX’s 2011 Gold and Silver Maple Leaf coins were strong sellers among precious metal buyers today.