Mid–Day Commentary – 10/14/2010
Mike Garofalo
10/14/2010 12:20:00 PM
At 12PM (CT) the APMEX spot prices were:
- Gold - $1,374.40
- Silver - $24.46
- Platinum - $1,712.50
- Palladium - $603.40
COMMENTARY – Gold prices were fairly stable this morning and trading has been very active. Silver, Platinum and Palladium are all a few ticks higher than at the open. The precious metal market did not continue last night’s strong surge upward because of activity in the currency exchange markets. Foreign currencies did experience some mild profit-taking. The Dow Jones Industrial Average is now down 45 points due to another disappointing report on the employment front.
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
