Closing Gold & Silver Market Report – 11/4/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,393.30
- Silver price - $26.37
- Platinum price - $1,786.80
- Palladium price - $686.80
COMMENTARY: Precious metal prices surged all throughout the day, as investors continue flocking to the safety they provide. Although gold has seen significant price appreciation (over 400%) since 2001, lets not forget that historically, gold’s primary role is to protect and preserve wealth. Money is flowing into precious metals on concerns about inflation,currencies and the health of global economies. Today the Euro topped $1.42 and the US Dollar continued to decline.
Gold spot price finished up $54.70 – Silver spot was up $1.90 – Platinum spot price was up $89.60 – Palladium spot was up $42.10
Although not a pure bullion investment, many investors purchase Pre-33 US Gold for their beauty and collectability.Platinum prices rose relative to Gold spot and Silver spot today and an easy way to invest is through Platinum bars.