Mid – Day Gold & Silver Market Report – 12/13/2010
Peter LaTona
12/13/2010 12:08:00 PM
At 12PM (CT) the APMEX precious metal prices were:
- Gold price – $1,395.00
- Silver price - $29.43
- Platinum price - $1,698.90
- Palladium price - $752.50
COMMENTARY: The precious metal markets remain upbeat despite giving back some of the early morning gains. Although not reflected in today’s activities, some technical analyst state that gold may beat silver in the near term based on their current price ratios. The big factor in the market today remains China’s decision not to raise interest rates. Both stocks and commodities are showing significant gains.
Gold spot price was up $9.80 – Silver spot up 82 cents – Platinum spot price is up $22.00 – Palladium price is up $19.40
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
