Morning Gold & Silver Market Report – 11/18/2010
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,356.60
- Silver price - $26.61
- Platinum price - $1,654.50
- Palladium price - $686.30
COMMENTARY: Precious metal prices have risen sharply overnight, as the US dollar weakened. The US Dollar weakened as a reaction to a strengthening Euro, as the Irish central bank is expecting tens of billions of Euros in loans from the European Central Bank and the International Monetary Fund. Gold spot price is up $18.20 – Silver price is up $1.03 – Platinum price is up $13.60 – Palladium spot price is up $29.40.
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.