Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 12/28/2010

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,403.70
  • Silver price - $29.86
  • Platinum price - $1,753.50
  • Palladium price - $778.40


COMMENTARY: Precious metal prices are rising sharply this morning. Gold price has once again broken $1400 and is up $20.20. Silver spot price is set to challenge $30 as it is up 59 cents. Platinum and palladium continue their winning streak, as Platinum spot price is up $17.00 and Palladium price is up $10.30

Gold is up on a weaker US Dollar, as well as increased buying coming out of Asia. So why is the US Dollar declining rapidly today? Today’s Case-Shiller report indicates that home prices are falling faster in the larger cities. Not only are prices dropping,but they are expected to continue dropping throughout the year.Housing could be just part of the concern. Every bit as much a factor is the looming US trade deficit and the larger Federal deficit. We should remember that a falling US Dollar could hit many Asian countries very hard, as they hold a huge portion of their foreign currency reserves in US Dollars.

« Return to Commentaries

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
8:20 a.m.-1:30 p.m. (ET)
8:25 a.m.-1:25 p.m. (ET)
8:20 a.m.-1:05 p.m. (ET)
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)

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.

 (0)

There are no items in the cart.