Our Daily
Market Reports

Morning Gold & Silver Market Report – 11/16/2010

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

  • Gold price -$1,357.00
  • Silver price -$25.50
  • Platinum price - $1,1660.80
  • Palladium price - $663.00

 

COMMENTARY: An interesting article from today’s Financial Times, asks the question should the US sell some of the gold in its vaults? This question seems appropriate for Central banks around the globe. Which country doesn’t need to raise capital in these economic times? Why have Central banks been net buyers of gold and not sellers, since they obviously could use the money? Perhaps they understand that the historical role of gold ownership is safety, security and wealth protection.

Precious metal prices dropped overnight on fresh concerns that the Chinese will tighten down on their economy. Gold spot price is down $13.00 – Silver spot down 64 cents – Platinum spot price down $25.00 – Palladium price down $20.30

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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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