Mid – Day Gold & Silver Market Report – 11-29-2010
At 12PM (CT) the APMEX precious metal prices were:
- Gold price - $1,369.10
- Silver price - $27.24
- Platinum price - $1,646.00
- Palladium price - $694.00
COMMENTARY: Demand for silver does not seem to be slowing down. Silver spot price is up another 49 cents in the morning trading. Gold price is up $3.80 as it continues to attract bargain hunters and those looking for a safe haven. President Obama plans on cutting the US debt, but warns it could potentially curb growth. Greece received permission to push their repayment from 2015 to 2021, albeit with higher interest rates. Many would consider this yet another means of kicking the can down the road. Platinum price has remained stable, while Palladium continues to lift – up $11.50
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.