Morning Commentary – 10/20/2010
Peter LaTona
10/20/2010 8:02:00 AM
At 8AM (CT) the APMEX spot prices were:
- Gold - $1,337.50
- Silver - $23.67
- Platinum - $1,672.00
- Palladium - $581.60
COMMENTARY: Gold prices dropped by 2.5% on Tuesday, its biggest one day loss since July 1, however buyers stepped in overnight and gold is up $5 since yesterday’s closing commentary. Silver is up 28 cents; Platinum $6 and Palladium is up $9. THE US Dollar has weakened in early morning trading giving back some 60 basis points.
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
