Morning Gold & Silver Market Report – 12/24/2012


Gold and Silver prices are mostly flat this morning, as fiscal cliff fears continue to dominate the headlines. Peter Fertig of Quantitative Commodity Research said, “The weaker dollar and steady stock markets are giving support to Gold. My view is that the fiscal cliff will be avoided at the last minute. If the fiscal cliff is avoided, that should be positive for risk assets including Gold. As the market had been pricing in that the fiscal cliff might be a reality, there might be a sense of relief.”

Stocks are looking to disappoint in Christmas Eve trading. With no economic data being reported this morning, it seems there is not much hope for the day in the way of stocks. Rebecca O’Keeffe of Interactive Investor said, “With no Plan B and the gulf between the [political] parties as wide as ever, there is little to cheer this holiday season. The optimism that had seen the market rally strongly over the last few weeks is diminishing rapidly amid signs that a deal is as far away as ever.”

At 9 a.m. (EST), the APMEX Precious Metals spot prices were:

  • Gold, $1,660.00, Down $0.60.
  • Silver, $30.01, Down $0.19.
  • Platinum, $1,538.60, Down $0.30.
  • Palladium, $683.70, Up $1.40.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

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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
4/24/2014 9:10:05 AM EST

Metal Bid Ask Change
Gold $1,274.10 $1,276.10 ($10.50)
Silver $19.21 $19.31 ($0.18)
Platinum $1,386.30 $1,396.30 ($7.60)
Palladium $784.00 $789.00 $2.00
4/24/2014 9:10:05 AM EST

Click here for Historical Charts*All Charts are in USD

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