Closing Gold & Silver Market Report – 12/21/2010

 

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

  • Gold price - $1,386.60
  • Silver price - $29.41
  • Platinum price - $1,714.60
  • Palladium price -$756.00

 

COMMENTARY: Gold spot price and silver price were basically flat as they traded up and down all day long. Platinum and Palladium continued to move up on supply side concerns. Mining for platinum in South Africa is getting more expensive and difficult, while the Russians are running out of palladium stock. Platinum was up $12.90 and palladium was up $10.30.

Meredith Whitney, a well known and respected financial analyst, is defending the uproar over her recent “60 Minutes” interview. In that interview she defended her position that 50 to 100 towns could default on their debt as state and federal governments cut back on their support. Muni experts of course disagree, but it cannot be discounted that  Ms. Whitney was one of the few who called the recent financial collapse. As she says, it is all in the numbers. A wave of muni defaults would not only create social unrest, but it would severely hamper any economic growth.

« Return to Commentaries

Disclaimer:

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


Sell To Us

Selling your bullion or collectible coins is very easy and safe with APMEX! We are one of the largest gold & silver dealers in the country. Read More



APMEX Reviews

Just a short note, I've been dealing with you for several years your products are excellent customer service top shelf, packaging delivery top notch, and a easy fun website to look at.

Kevin | January, 2014 View All

As seen on...