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Index values were lower today at the end of day close for November 11th, 2010 but precious metal commodity values were trending green at the end of the session today. Gold and Silver December delivery contrat values price per ounce were ahead. End of day close for the Dow Jones Industrial Average was lower by .65% and settled at 11,283.70. The Nasdaq was lower by .90% and settled at 2,555.52. The S&P 500 was lower by .42% and settled at 1,213.54. The ten year treasury yield closed the session at 2.65%. President Obama met today in Seoul with other global leaders to take part in a symposium about how to achieve balanced and sustainable economic growth. Obama has reiterated that the American economy warrents special attention as he called the U.S. economy a “huge engine” that can and will be the motor that drives growth in other countries. Currency rate details will stem from this meeting and precious metal commodities should respond. Today they responded in a postive way. Gold for December delivery was up by .29% and finished the trading session in the U.S. at 1,403.30 an ounce. Silver for December delivery rose as well and finished the session up by 2.01% and settled at $27.40. Investors got off the bench and continued to position money into the perceived “safe haven” assets. Author: Camillo Zucari
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