Closing Gold & Silver Market Report – 12/6/2010

At 4PM (CST) the APMEX precious metals prices were:

  • Gold price – $1,424.80
  • Silver price – $30.20
  • Platinum price - $1,723.40
  • Palladium price - $757.00


COMMENTARY: Precious metals pricing is up from the mid-morning.  This rise in spot price is partially due to the decision made by Federal Reserve Chairman Ben Bernanke to increase the Fed’s purchase of government debt.  Unemployment is expected to return to a more acceptable level, but it may take five years.  Across the pond, the euro lost ground on the dollar after a steady climb.  This is further evidence of the weakening of the global economy. 

On a positive note, gold was chosen as the 9th Hottest Commodity of 2010 by

Gold is up 26% YTD.  Here is a selection of gold bullion.

Gold price is up $18.60 – Silver spot price is up $0.93 – Platinum price is down $6.10 – Palladium spot price is down $13.10

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APMEX’s ‘News and Commentaries’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. 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 "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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