Morning Gold & Silver Market Report – 12/01/2010
Peter LaTona
12/1/2010 8:03:00 AM
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,390.60
- Silver price -$28.51
- Platinum price - $1,677.30
- Palladium price – $711.30
COMMENTARY: Gold has sprung to a two week high and many analyst feel these gains are sustainable. The safe-haven demand continues in Europe and through out much of the Western world. The demand in Asia, particularly India and China, continues to be stronger than forecasted. World stock and precious metal markets are up in early trading, as there are signs of robust economic growth in China, recovery in parts of Europe and a relatively successful Portuguese debt sale. The Euro is has also moved up, which has driven the US Dollar down.
Gold spot price is up $4.10 – Silver price is up another 27 cents – Platinum spot price is up $10.90 – Palladium price up $8.30
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
