Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/6/2010

At 4PM (CST) the APMEX precious metals prices were:

  • Gold price – $1,424.80
  • Silver price – $30.20
  • Platinum price - $1,723.40
  • Palladium price - $757.00

 

COMMENTARY: Precious metals pricing is up from the mid-morning.  This rise in spot price is partially due to the decision made by Federal Reserve Chairman Ben Bernanke to increase the Fed’s purchase of government debt.  Unemployment is expected to return to a more acceptable level, but it may take five years.  Across the pond, the euro lost ground on the dollar after a steady climb.  This is further evidence of the weakening of the global economy. 

On a positive note, gold was chosen as the 9th Hottest Commodity of 2010 by CNBC.com.

Gold is up 26% YTD.  Here is a selection of gold bullion.

Gold price is up $18.60 – Silver spot price is up $0.93 – Platinum price is down $6.10 – Palladium spot price is down $13.10

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World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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