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Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 12/20/2010

At 12PM the APMEX precious metal prices were:

  • Gold price - $1,387.90
  • Silver price - $29.35
  • Platinum price - $1,710.00
  • Palladium price - $744.70


COMMENTARY: Metal prices are still up for the day, but have backed off morning highs. This is a time of year to expect sideways trading, unless an impactful event should occur. This is why we are closely monitoring the situation between North and South Korea. Dr. Peter Morici stated on CNBC that with these new tax cuts, perhaps US Treasuries should be downgraded to junk. He goes on to say that if it were any other government, Moody’s would have already downgraded us, but because the US is the world's currency, we are treated different. Nevertheless, long term US Treasuries are becoming a risky investment.

Gold price is up $1.50 from this morning’s commentary – Silver price is up another 6 cents – Platinum price is up $1.40 – Palladium price is up $5.30

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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.

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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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