Our Daily
Market Reports

Closing Gold & Silver Market Report – 11/09/2010

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

  • Gold price - $1,393.90
  • Silver price - $26.94
  • Platinum price - $1,763.10
  • Palladium price - $694.50

 

COMMENTARY: It has been a wild ride in the precious metals market today. In the morning, all metal prices were sharply up, then the US Dollar rebounded slightly, so profit takers rushed in sending the price of precious metals down. Prices did rebound again toward the 4PM (CT) gold & silver market report, but Gold spot price did finish down $10.30 – Silver price down 54 cents – Platinum spot price down $8.00 – Palladium spot down $18.40.

Those investors considering the benefits of owning an ETF in lieu of the actual physical precious metal, might be interested with recent coverage and concerns about ETFs. Are they another form of financial engineering which we should approach with caution? We recommend a little due diligence before making any investment decision. Begin with reading the prospectus.

Pamp Suisse Gold Bars are known worldwide for their beauty and high quality. No matter what your preference, Pamp Suisse Gold Bars come in a variety of sizes.

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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
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Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
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Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
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Monday-Friday
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Monday-Friday
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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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