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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