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Gold, silver and copper price per ounce moved higher along with the general index composites in the market today. Many wonder if the precious metal correction for gold and silver prices is over. Despite economic concerns throughout the world, market sessions ended with positive movement observed. Asian markets ended in the green as the Shanghai Composite, Hang Seng and Nikkei all posted gains. In addition and even with the financial concerns in several eurozone countries looming, European markets rallied today during their sessions. End of day marks for the U.S. session revealed that index values soared as the Dow ended the day with a 247 point gain, the biggest seen in several months. Overall index values were trending green, and so were precious metal price per ounce values. Gold for February delivery moved ahead .16% or $2.20 and settled at $1,388.30 as of U.S. session close. Silver for March delivery price per ounce moved ahead .71% to settle at $28.41 an ounce. Copper moved forward as well and finished the day in the green for March delivery at $3.95 an ounce. The dollar fell today during the mix of action. The dollar fell against the euro and the British pound but gained against the Japanese yen. Author: Camillo Zucari
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