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Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 12/30/2010

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

  • Gold price - $1,406.00
  • Silver price - $30.48
  • Platinum price - $1,746.00
  • Palladium price – $787.50


COMMENTARY: The dollar continued to decline today, but there is some good news. Jobless claims decreased to the lowest levels in two years. John Silvia, Chief Economist at Wells Fargo Securities in North Carolina, says that business confidence is starting to appear and really just waiting on the American consumer. Of course, there was more negative news on housing and prices are expected to dip in 2011.

Precious metals prices are still being influenced by brokerages selling off prior to the end of the year, but according to Frank Lesh, gold is still an alternative to foreign monies and our own government money.

Gold spot price is down $8.00 –Silver spot is off 23 cents – Platinum spot price is down $9.20 – Palladium price is off $6.90

Prices are down but trading volumes are very low.

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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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