Our Daily
Market Reports

Closing Gold & Silver Market Report – 11/23/2010

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

  • Gold price - $1,377.50
  • Silver price - $27.55
  • Platinum price - $1,654.00
  • Palladium price - $690.00

 

COMMENTARY: Gold prices have risen recently on concerns regarding the Fed QE2 and the European debt crisis.Today’s rise was fueled by the tension in North and South Korea. A somewhat overlooked factor also driving up gold prices are the mining strikes going on in Chile and labor problems in South Africa. Labor problems may have been overlooked because of the focus on gold’s relationship to the US Dollar. Supply issue don’t make great news stories, but they will factor into the price of gold. Will silver soon follow?

Gold spot price is up $18.20 – Silver price is up 3 cents – Platinum spot price is down $1.50 – Palladium price is up $3.30

Palladium is a precious metal that many investors know little about. It may be worth the time to get this least known of the four basic precious metals. Palladium may be set to outperform gold silver and platinum in the long term. A great way to invest in Palladium is through a wide variety of Palladium bars.

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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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