At 12PM (CT) the APMEX precious metal prices were:
Gold price - $1,390.70
Silver price - $28.38
Platinum price - $1,687.00
Palladium price - $736.50
COMMENTARY: The US Stock market is enjoying triple digit gains during morning trading. They are replicating the overnight action from world markets, as more optimism concerning the European debt crisis is being reported. The US also appears ready to back a larger EU stability fund. Precious metal prices have demonstrated gains all throughout the morning. Even a splash of optimism has allowed the Euro to rise and send the US Dollar down.
Gold spot price is up $6.40 – Silver price is up 29 cents – Platinum price has risen $18.10 – Palladium continues its meteoric rise, up $30.60
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.