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Market Reports

Morning Gold & Silver Market Report – 12/8/2010

At 8AM (CST) the APMEX precious metals prices were:

  • Gold price – $1,392.00
  • Silver price – $29.05
  • Platinum price - $1,686.50
  • Palladium price - $730.10


COMMENTARY:  The drop in metals pricing has led many to believe a correction is being made.  Hwang Il Doo, senior trader at Korea Exchange Bank Futures Co., believes this current move is a simple cash-in to allow investors a profit-taking opportunity.  Savvy investors can see through this hiccup.  “With all the concerns that are around day-to-day, investment demand still remains supportive for gold,” said Standard Bank analyst Walter de Wet.  Today’s news and insights continue to illustrate the overall stability of the precious metals market.

Gold price is down $17.00 – Silver spot price is down $0.73 – Platinum price is down $19.70 – Palladium spot price is down $8.60

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World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

NYMEX Markets
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APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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