Our Daily
Market Reports

Morning Gold & Silver Market Report – 11/10/2010

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

  • Gold price - $1,406.20
  • Silver price - $27.99
  • Platinum price - $1,770.00
  • Palladium price - $716.50

 

COMMENTARY: The up coming jobs report and continued debt concerns in the Euro Zone are the headlines this morning. Precious metals are rebounding off yesterday’s lows and gold is again above the $1400 mark, while silver remains well above $27. In an interview with CNBC today, World Bank President, Robert Zoellick said that tensions remain regarding foreign exchange rates and could lead to greater protectionism if not managed properly. He also stated that we are already moving towards a Bretton Woods III. Bretton Woods I, which was created in 1971 with the US Dollar designated as the reserve currency, is simply outdated.

Gold spot price is up $13.60 since yesterday’s Closing Commentary – Silver spot is up $1.05 – Platinum spot price is up $6.90 – Palladium is up $22.50

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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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