Morning Gold & Silver Market Report – 11/24/2010
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,375.90
- Silver price - $27.47
- Platinum price - $1,664.00
- Palladium price -$695.60
COMMENTARY: Gold is down slightly this morning, as investors capture profits from yesterday’s run up. Although there has been no further military action between North and South Korea, the tension remains. Meanwhile, Ireland is poised to take control of the Bank of Ireland. The government owns a 36% stake, but is expected to act in the next 72 hours to take a majority stake.
Gold spot price is down $3.20 –Silver price is off 17 cents – Platinum and Palladium continue to recover losses obtained, with the news of the Chinese intentions to curb their inflation. Platinum price is up $6.30 – Palladium is up $2.50
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.