Our Daily
Market Reports

Morning Gold & Silver Market Report – 11/12/2010

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

  • Gold price - $1,391.00
  • Silver price - $27.11
  • Platinum price - $1,713.90
  • Palladium price - $701.50

COMMENTARY: Speculation that China might hike its interest rates to curb inflation has driven the Commodity markets down.Precious metals have been losing ground in early morning trading. In addition, the euro zone debt fears continue to escalate, which is strengthening the US Dollar. The G20 summit has concluded with US proposals largely ignored. No significant measures were adopted, that would alleviate concerns of a potential currency war.

Gold price is currently down $11.90 – Silver spot price down 31 cents – Platinum price down $32.50 – Palladium spot price down $1.80

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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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