Mid – Day Gold & Silver Market Report – 11/12/2010
At 12PM (CT) the APMEX precious metal prices were:
- Gold price - $1,366.10
- Silver price - $26.01
- Platinum price - $1,684.70
- Palladium price - $677.00
COMMENTARY: The Chinese economy continues to heat up, which is why there are strong indications that the Chinese government will instill measures to curb inflation, to slow down growth. If the Chinese economy slows, they purchase less commodities, so worldwide, commodity prices go down. Commodity prices are being slashed today on the fears of a Chinese slow down and they are dragging precious metals down as well. Gold spot price is off $38.60 – Silver price down $1.45 – Platinum spot price off $61.10 – Palladium price down $29.10.
APMEX’s ‘News and Commentaries’ 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.