Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/21/2010

 

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,386.60
  • Silver price - $29.41
  • Platinum price - $1,714.60
  • Palladium price -$756.00

 

COMMENTARY: Gold spot price and silver price were basically flat as they traded up and down all day long. Platinum and Palladium continued to move up on supply side concerns. Mining for platinum in South Africa is getting more expensive and difficult, while the Russians are running out of palladium stock. Platinum was up $12.90 and palladium was up $10.30.

Meredith Whitney, a well known and respected financial analyst, is defending the uproar over her recent “60 Minutes” interview. In that interview she defended her position that 50 to 100 towns could default on their debt as state and federal governments cut back on their support. Muni experts of course disagree, but it cannot be discounted that  Ms. Whitney was one of the few who called the recent financial collapse. As she says, it is all in the numbers. A wave of muni defaults would not only create social unrest, but it would severely hamper any economic growth.

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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
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Monday-Friday
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Monday-Friday
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World Markets
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Monday-Friday
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Monday-Friday
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Monday-Friday
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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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