Mid – Day Gold & Silver Market Report – 12/1/2010
Peter LaTona
12/1/2010 12:01:00 PM
At 12PM (CT) the APMEX precious metal prices were:
- Gold price - $1,390.70
- Silver price - $28.38
- Platinum price - $1,687.00
- Palladium price - $736.50
COMMENTARY: The US Stock market is enjoying triple digit gains during morning trading. They are replicating the overnight action from world markets, as more optimism concerning the European debt crisis is being reported. The US also appears ready to back a larger EU stability fund. Precious metal prices have demonstrated gains all throughout the morning. Even a splash of optimism has allowed the Euro to rise and send the US Dollar down.
Gold spot price is up $6.40 – Silver price is up 29 cents – Platinum price has risen $18.10 – Palladium continues its meteoric rise, up $30.60
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
