COMMENTARY: The US Dollar continues to rise in relation to the Euro, yet precious metal prices continue to go up sharply . Historically, the price of precious metals would decrease as the value of the US Dollar increases. So what is behind the breakdown in this correlation? Investors keep coming back to the traditional role of precious metals of being an insurance policy. You need the protection they offer in times of crisis, potential crisis and uncertainty. UBS is currently suggesting that their top clients hold 7-10 per cent in precious metals.
Gold spot price is up $18.70 – Silver price is up 36 cents – Platinum spot price is up - $12.80 – Palladium price is up $4.50
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.