Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 12/14/2010

At 12 PM (CT) the APMEX precious metal prices were:

  • Gold price  - $1,404.00
  • Silver price - $29.78
  • Platinum price - $1,714.30
  • Palladium price - $768.50

 

COMMENTARY: For most of the morning precious metal prices were off slightly. This should not be a surprise for as most investors understand, gold has the highest negative correlation to stocks than any other asset. European and US Stocks have been up all morning, so precious metal prices were in slight decline. The US Dollar is also up , which again tends to inhibit gold price. Of course, we are still awaiting the outcome of today’s Fed Policy meeting.

As I write this commentary precious metals have begun to reverse and go up. What are they anticipating as a result of today's Federal reserve meeting?

Gold spot price is up $6.00 – Silver price is up 16 cents – Platinum spot price is up $16.00- Palladium price is up yet again to $16.10

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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.

 
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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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