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Market Reports

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

At 4PM (CST) the APMEX precious metals prices were:

  • Gold price – $1,382.80
  • Silver price – $28.41
  • Platinum price - $1,686.70
  • Palladium price - $727.40


COMMENTARY:    As was discussed in the Mid-Day Commentary, profit-taking and fears of Chinese interest rate increases have driven the prices of most commodities down.  These key macroeconomic reports are now to be released on Saturday, two days earlier than the original schedule.  Staying in Asia, Korean tensions may push gold to new highs before the end of the year.  If gold goes up, the other precious metals usually follow made predictions for 2011:

  • Platinum and palladium increase as investors move to ETFs
  • Gold and silver will reach new highs early in 2011.  Gold will be moved by ETFs and bank buying. Silver will be driven by industrial demand.

If you agree with these predictions, here are some gold and silver products.

Gold price is down $26.20 – Silver spot price is down $1.37 – Platinum price is down $19.50 – Palladium spot price is down $11.30

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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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