Closing Gold & Silver Market Report – 11/22/2010
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,367.30
- Silver price - $27.91
- Platinum price - $1,664.40
- Palladium price - $695.50
COMMENTARY: Gold prices drifted higher as Ireland finally asks for a loan. However, investors will continue to keep a sharp eye on the European debt crisis. Next in line could be Portugal and then Spain. Spain could be a huge problem, in that the bailout would be in the $500 billion Euros range and the European Union has no set mechanism on how to go about this.
Gold spot price finished up $13.50 – Silver price climbed 67 cents – Platinum spot price declined $6.70 – Palladium price was off $10.20
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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.