Morning Gold & Silver Market Report – 11/22/2010

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,354.30
  • Silver price - $27.30
  • Platinum price - $1,658.50
  • Palladium price - $702.00

 

COMMENTARY: Gold and silver spot prices are slightly higher this morning, as platinum and palladium spot prices are slightly down. The US Dollar has remained relatively flat. Gold price is up 50 cents – Silver price is up 7 cents – Platinum price – down $12.60 – Palladium price down $3.80

Silver spot prices have surged during the fourth quarter, yet the Perth Mint is forecasting even more robust gains to come. They project silver could top $30 in 2011. Although silver may be a better buy currently trading 50 times less per oz than gold, the demand for gold in the Chinese market has only begun to heat up. Bottom line is that as Sovereign nations continue to kick the can down the road, currencies will be debased and the price of precious metals should go up.

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Disclaimer:

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
4/16/2014 9:37:03 AM EST

Metal Bid Ask Change
Gold $1,302.10 $1,304.10 $1.80
Silver $19.57 $19.67 $0.14
Platinum $1,432.10 $1,442.10 ($2.50)
Palladium $797.50 $802.50 $5.70
4/16/2014 9:37:03 AM EST

Click here for Historical Charts*All Charts are in USD


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