Closing Gold & Silver Market Report – 12/7/2010
Eli Hamilton
12/7/2010 4:37:00 PM
At 4PM (CST) the APMEX precious metals prices were:
- Gold price – $1,401.80
- Silver price – $28.67
- Platinum price - $1,691.90
- Palladium price - $731.60
COMMENTARY: The United States dollar rebounded sharply today after proposed tax cuts. Gold has tumbled in afternoon trading after the short-term U.S. economy received positive numbers. Job openings reach a two-year high giving analysts a sign for an upturned economy. All positive domestic news seems to be clouded by disparaging global news. Europe’s debt problems pose a grim reality for worldwide markets.
Precious metals investing continues to grow globally. Here are some popular silver products.
Gold price is down $14.30 – Silver spot price is down $1.07 – Platinum price is down $22.70 – Palladium spot price is down $19.80
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
