Prior to opening bell this morning, spot gold price per gram and kilo were
trending in negative territory. Spot silver price per ounce and kilo rates were
trending red as well this morning. Gold and silver prices have been up and down
lately and investors are hoping to observe trends become more steady and
consistent so that predictive potential might build. During the first half of
the trading session today, this type of trending began to emerge. Silver price
movement steadied and gold prices were moving higher. The dollar index was
falling lower today and this helped to support precious metals gold and silver.
As of the mid-day point in todays trading session in the U.S., Silver was
falling off by .11 and contract gold was trending green by 7.40. Euro-zone debt
worries could affect gold and silver price trends by applying negative pressure
though. These worries were heightened today with the allegations that were made
against Dominique Strauss-Kahn. This could be another temporary set back for
precious metal gold and silver. Contract gold ended the session today in
negative territory. It dropped by 3.00 to finish the day at 1490.60 per troy
ounce. July contract silver finished lower by .881 to finished at 34.13 per troy
ounce. Spot gold per gram was lower by .07 at 47.95 just after open session
close. Spot silver price per kilo was 40.70 lower at 1084.93 at this same point.
Gold and silver prices fall lower for the day. Author: Camillo Zucari
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