Closing Gold & Silver Market Report – 11/23/2010

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,377.50
  • Silver price - $27.55
  • Platinum price - $1,654.00
  • Palladium price - $690.00

 

COMMENTARY: Gold prices have risen recently on concerns regarding the Fed QE2 and the European debt crisis.Today’s rise was fueled by the tension in North and South Korea. A somewhat overlooked factor also driving up gold prices are the mining strikes going on in Chile and labor problems in South Africa. Labor problems may have been overlooked because of the focus on gold’s relationship to the US Dollar. Supply issue don’t make great news stories, but they will factor into the price of gold. Will silver soon follow?

Gold spot price is up $18.20 – Silver price is up 3 cents – Platinum spot price is down $1.50 – Palladium price is up $3.30

Palladium is a precious metal that many investors know little about. It may be worth the time to get this least known of the four basic precious metals. Palladium may be set to outperform gold silver and platinum in the long term. A great way to invest in Palladium is through a wide variety of Palladium bars.

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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
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD


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