Closing Gold & Silver Market Report – 11/30/2010

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

  • Gold price - $1,387.50
  • Silver price - $28.16
  • Platinum price - $1,662.50
  • Palladium price - $698.90

 

COMMENTARY: Although precious metal prices backed off the day’s highs, solid gains were posted. In contrast, global stocks fell to their lowest level in almost two months. Lets not forget that the North and South Korean tensions are still fresh, while the fear of the European debt problem has intensified. Gold and precious metals are assuming their rightful place, as a hedge against monetary  uncertainty. Gold is most often viewed as a hedge against inflation, but in today’s environment, it also provides a safe haven for currency fluctuations.  

Gold spot price was up $20.00 – Silver price up 96 cents – Platinum spot price up $17.90 – Palladium price up $3.90

Gold bars are an excellent way way to invest in gold and they can be found in a wide variety of sizes.The Perth Mint is the oldest Australian Mint and they produce beautiful Kangaroo Minted Gold 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 2:56:10 PM EST

Metal Bid Ask Change
Gold $1,295.40 $1,297.40 ($8.10)
Silver $19.56 $19.66 ($0.02)
Platinum $1,410.00 $1,420.00 ($17.80)
Palladium $794.40 $799.40 ($4.00)
4/17/2014 2:56:10 PM EST

Click here for Historical Charts*All Charts are in USD


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