Closing Gold & Silver Report – 11/2/2010
At 4PM (CT) the APMEX precious metals spot prices were:
- Gold price - $1,358.00
- Silver price - $24.96
- Platinum price - $1,720.20
- Palladium price - $646.80
COMMENTARY: Gold, silver and platinum spot prices continued to inch forward throughout the afternoon, like a nervous runner ready preparing at the starting block. How quickly they get out of the gate will be decided by the Federal Reserve Quantitative Easing announcement expected tomorrow and today’s election results. The stock market rose in anticipation of an aggressive move, while the metals markets were more wait and see. Gold spot price finished up $6.40 – Silver spot up 38 cents – Platinum spot up $9.70 – Palladium spot was down $3.90
The Austrian Mint makes beautiful coins that are popular worldwide. The 1 oz Austrian Philharmonic Gold Coin and the 1 oz Austrian Silver Philharmonics are their most popular items.
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.