Morning Gold & Silver Market Report – 12/13/2010
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,398.00
- Silver price - $29.63
- Platinum price - $1,701.80
- Palladium price - $762.00
COMMENTARY: Precious metal prices are soaring in early morning trading. Gold spot price is up $13.10 – Silver price is up $1.03 – Platinum spot price is up $25.50 – Palladium price is up $29.30. This strong upsurge is in reaction to Chinese authorities refraining from raising interest rates over the weekend. The Euro zone debt concerns continue to factor in as well, and there is a noticeable increase in the amount of physical gold being purchased.
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.