Our Daily
Market Reports

Morning Gold & Silver Market Report – 11/17/2010

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

  • Gold price - $1,340.40
  • Silver price - $25.60
  • Platinum price - $1,638.70
  • Palladium price - $653.10

 

COMMENTARY: There has been a slight rebound from yesterday’s losses, but there could be continued selling pressure today.  Germany’s reluctance to jump right into another bail out, without forming new bail out rules, brings more fear and uncertainty into the market. Fear and uncertainty drive the Euro dollar down and by default the US Dollar up. This gives temporary relief to the concerns that the Fed QE2 would drive the US Dollar down. Most analysts say it still will, but not until the European situation stabilizes the value of the Euro. Markets will tend down as the dollar goes up.

Gold spot price is up 70 cents – Silver price up 31 cents – Platinum spot price is off $7.00 – Palladium price up $5.30

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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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