Closing Gold & Silver Market Report – 11/30/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,387.50
- Silver price - $28.16
- Platinum price - $1,662.50
- Palladium price - $698.90
COMMENTARY: Although precious metal prices backed off the day’s highs, solid gains were posted. In contrast, global stocks fell to their lowest level in almost two months. Lets not forget that the North and South Korean tensions are still fresh, while the fear of the European debt problem has intensified. Gold and precious metals are assuming their rightful place, as a hedge against monetary uncertainty. Gold is most often viewed as a hedge against inflation, but in today’s environment, it also provides a safe haven for currency fluctuations.
Gold spot price was up $20.00 – Silver price up 96 cents – Platinum spot price up $17.90 – Palladium price up $3.90
Gold bars are an excellent way way to invest in gold and they can be found in a wide variety of sizes.The Perth Mint is the oldest Australian Mint and they produce beautiful Kangaroo Minted Gold Bars.