Mid – Day Commentary – 10/22/2010
Peter LaTona
10/22/2010 12:06:00 PM
At 12PM (CT) the APMEX spot prices were:
- Gold - $1,323.70
- Silver - $23.13
- Platinum - $1,674.90
- Palladium - $593.10
COMMENTARTY: The US Equity and world metals markets have both drifted slightly lower during the morning. News from the G20 meeting continues to portray a strong division in the support of the proposals laid forth from Mr.Geithner. China has made it clear that they are unwilling to to agree to a G20 communiqué that binds countries to limits on current account balances or any other rules regulating currency policy. Trading will most likely remain in a tight range until more information about the G20 meeting surfaces.
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
