Mid – Day Gold & Silver Market Report – 10/27/2010
10/27/2010 12:06:29 PM By: Peter LaTona
At 12PM (CT) the APMEX spot prices were:
Gold - $1,323.80
Silver - $23.53
Platinum - $1,677.70
Palladium – $621.20
COMMENTARY:Stocks, commodities and Treasury bonds are all sharply down this morning, on concerns that the November Federal Reserve QE will be much less aggressive than expected. The US dollar has been rising on this same speculation. The US stock market is in a triple digit decline. Global markets are being equally battered. Gold spot price is down $15.80 – Silver spot is down 33 cents – Platinum spot price is down $25.30 – Palladium spot is down $6.30.
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.