Closing Gold & Silver Market Report –12/22/2010
Peter LaTona
12/22/2010 4:15:00 PM
At 4PM (CT) the APMEX precious metal prices were:
- Gold price - $1,386.00
- Silver price - $29.26
- Platinum price - $1,724.60
- Palladium price - $752.30
COMMENTARY: As we have been reporting of late, gold trading will most likely be lack luster until year’s end, as profits are taken by hedge funds and large institutional gold buyers. They need to square their books and positions…but once 2011 hits, things may change rapidly.
Gold spot price finished down $3.30 – Silver price was down 14 cents – Platinum spot price was up $1.70 – Palladium spot was down $1.80
There are gold investors who prefer bars and there are those who prefer coins such as Gold American Eagles, Gold Canadian Maple Leafs or the very first gold coin the South African Krugerrand. No matter your preference, with gold prices poised for action in 2011, now might be the time to establish a position.
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
