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Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 12/23/2010

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,380.90
  • Silver price - $29.40
  • Platinum price - $1,718.80
  • Palladium price  -$757.00

 

COMMENTARY: Oil hit its highest level since October 2008 and it seems inevitable that we will see $100 a barrel again.  North and South Korea are in the news  with each warning the other prior to military exercises in South Korea. North Korea warns of a “sacred war” while South Korea vowed a “merciless counterattack. Ireland announced today that it is taking over yet another bank. The government will be injecting $4.8 billion dollars into Allied Irish. This is the fourth bank the Irish government has taken over. 

Despite news that would normally drive precious metals upwards, there very low volume leading into the holidays. Gold spot price is down $7.00 – Silver price is unchanged –Platinum spot price is down $13.10 – Palladium spot is 90 cents.

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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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Disclaimer:
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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