Mid-Day Commentary – 10/19/2010
Peter LaTona
10/19/2010 12:10:00 PM
At 12PM (CT) the APMEX spot prices were:
- Gold - $1,341.80
- Silver - $23.93
- Platinum – $1,675.50
- Palladium - $580.00
COMMENTARY:All metal prices have stabilized after a strong retreat overnight. This can be attributed to profit taking as well as to a strong reaction to the unexpected announcement out of China to raise its lending rates by .25%. The Chinese news did spur a rally in the US Dollar.
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
