Closing Gold & Silver Market Report – 11/5/2010
At 4PM (CT) the APMEX precious metal spot prices were:
- Gold price – $1,395.00
- Silver price – $26.77
- Platinum price - $1,771.80
- Palladium price - $688.50
COMMENTARY: A recent Reuters poll expects Gold to continue its record climb for another six months. So when do you know when to stop buying? According to one popular financial analyst, gold and other precious metals should represent at least 5% of your investable assets. You need precious metals to protect your wealth, so keep adding, until you get to at least 5%.
Precious metal prices continued their march upward again today. Gold spot price climbed another $10.90 – Silver spot up 69 cents – Platinum spot price up $15.90 – Palladium spot up $11.80.
Gold coins can be found from Mints around the world including Austria, Australia,France, Great Britain, Mexico, and Switzerland.
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.