Our Daily
Market Reports

Morning Gold & Silver Market Report – 12/27/2010

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price -$1,384.60
  • Silver price - $29.23
  • Platinum price -$1,729.40
  • Palladium price - $758.60

 

COMMENTARY: China raised its key interest rate over the weekend in a more aggressive move to curb  inflation on the front end. Chinese leaders have stated they intend to make inflation fighting a top priority in 2011. As one would expect gold prices took a dip on the announcement, but investors have since moved in to buy on the dip, so gold price is up this morning. The world stock markets are a different story. They are very much on edge after the Chinese weekend rate increase. 

Gold spot price is up $3.60 – Silver price is down 11 cents – Platinum spot price is up $5.30 – Palladium price is down 50 cents

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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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