Mid – Day Commentary – 10/20/2010

At 12PM (CT) the APMEX spot prices were:

  • Gold - $1,347.40
  • Silver - $23.89
  • Platinum - $1,686.50
  • Palladium - $592.50


COMMENTARY: The Atlanta Fed President, Dennis Lockhart, indicated that further monetary stimulus might take the form of 100 million dollars per month bond buys. In a CNBC interview he stated, “if we are going to pursue another round of quantitative easing, it has to be a large enough number to make a difference.” By virtue of putting an actual number on the possible QE, it would indicate that there have been discussions, and that the easing could be significant. Metals markets react positively to this news and drift upwards throughout the morning.Gold up $10 –Silver up 22 cents – Platinum up $14.50 – Palladium up $11.

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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
4/23/2014 9:28:22 PM EST

Metal Bid Ask Change
Gold $1,285.50 $1,287.50 $0.90
Silver $19.37 $19.47 ($0.02)
Platinum $1,394.10 $1,404.10 $0.20
Palladium $783.40 $788.40 $1.40
4/23/2014 9:28:22 PM EST

Click here for Historical Charts*All Charts are in USD

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