Mid – Day Gold & Silver Market Report – 11/17/2010
11/17/2010 12:10:30 PM By: Peter LaTona
At 12PM (CT) the APMEX precious metal prices were:
Gold price - $1,338.10
Silver price - $25.61
Platinum price - $1,642.20
Palladium price - $657.50
COMMENTARY: With all the news about the problems in Ireland and the European debt crisis, many of us wonder why this should matter to us. Did we avoid a run at the bank only to confront a run on countries? The US Dollar has weakened in early trading and precious metal prices are mixed, as both Silver and Palladium show some nice gains, while Gold and Platinum small losses. Gold spot price is down $2.60 – Silver price is up 26 cents – Platinum spot price is down $5.70 – Palladium price is up $7.30
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.
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