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Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/29/2010

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

  • Gold price - $1,412.50
  • Silver price - $30.63
  • Platinum price - $1,760.60
  • Palladium price - $795.10


COMMENTARY: The news that central banks in emerging markets are getting themselves ahead of the inflation curve sparked a nice rally for stocks, which was also aided by a stronger than expected sale of US Treasury Bonds. However, even though stocks rallied, the US dollar’s value remained on the low side and potentially could be cut in half, according to Peter Schiff, the president of Euro Pacific Capital.

These factors helped support today’s gains in precious metals. Gold hit a three week high and silver was up as well.

Gold spot price was up $6.40 on the day - Silver price was up 30 cents – Platinum spot price was up $7.90 – Palladium price was up $7.00 


Platinum and palladium continue to go up and two great ways to take advantage are the Platinum Eagles or the Palladium Pamp Suisse Bars.

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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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