Investors are trying to determine future trending for gold and silver. Price
per ounce for gold and silver has fluctuated as of late and current economic and
world news reports are muddying the waters of clear expectation. Earlier this
week came overseas news that North Korean and South Korean forces clashed. This
was in addition to the already mounting apprehensions related to the European
financial instability problems. Gold and Silver did rally a bit under these
conditions due to investors looking to attain position in safe havens. Still
though, last trade for the U.S. session shows Gold for December delivery
contract in the red at $1,373.00 price per ounce. Silver price per ounce for
December contract delivery is at $27.53. Recently, commodities in general have
been doing better than worse since the Fed outlined it QE2 plans and the dollar
came under even more pressure due to inflation potentials hovering over the
over-injection potentials of the greenback. Gold and silver made positive moves
due to these thoughts and dollar based apprehensions. In addition to this news,
the Feds also released data last week that shows the economic recovery in
America will be less progressive than many were anticipating. This news also
pushed many towards precious metal safe havens. Mixing in with recent data
though is the dollars push to strengthen. The greenback is gaining due to the
current overseas concerns and financial instability, especially with eurozone
countries. The turmoil has 24 hour gold and silver trending red. 24 hour gold is
at $1,360.5 per ounce. 24 hour silver is at $26.69 per ounce. Author: Frank
Camillo
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