dow2664
Gold, Silver and Copper price per ounce for December delivery ended the last U.S. trading session in the red. Gold’s last trade was in the red by .77% as it was down 10.60 and finished at $1,362.40 an ounce. Silver’s last trade was in the red by 3.01% as it was down .829 and finished at $26.70 an ounce. Copper’s last trade was in the red by .12% as it was down .0045 and finished at $3.75 an ounce. Market futures for stock index composite values are trending green right now as investors are hoping for a boost in the market today stemming from increased retail sales over the holiday weekend. This could be a nice rebound off of Friday’s index value lows. Gold and Silver have moved ahead as well. Spot Gold added value and is trading at $1,362.46 an ounce. Spot Silver moved ahead 14 cents trading at $26.80 an ounce. Prices will not move too far in a positive direction as the dollar continues to hold strength due to overseas concerns. The dollar has recently rallied due to currency concerns in eurozone countries. The lower euro value is keeping the dollar higher. Also of note, the escalating tensions between North and South Korea could potentially initiate an increase in buying precious metals, but that has not been the case as of yet. Author: Camillo Zucari
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