Closing Gold & Silver Market Report – 12/1/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,387.50
- Silver price - $28.47
- Platinum price -$1,689.10
- Palladium price - $737.50
COMMENTARY:Goldman Sachs is now forecasting Gold prices to peak at $1750 in 2012. Even with today’s brush with $1400, Goldman Sachs is projecting another 25% to the upside.Beyond 2012, who knows, but it is certain your investment portfolio will always need the protection precious metals afford. Precious metal prices returned portions of their early gains, while still finishing up for the day. Gold spot price was up $1.40 – Silver price up 26 cents – Platinum price up $21.70 – Palladium spot price climbed to $34.50
Basic bullion products like the Gold American Eagle is one of more popular ways to invest in gold.
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.