The negative close values are adding up for the major index composites in the
U.S. The climate seems ripe for safe haven acquisition but precious metal data
revealed mixed results last trading session. Gold contract price per ounce rates
close out the trading session in the red and silver contract price per ounce
rates moved to close in negative territory as well. Spot gold and spot silver
rates were moving in divergent directions just after close of the last trading
session. Gold contract for December delivery moved lower by .58 percent or 9.50
to close out the session at 1621.70 per troy ounce. Silver contract for
September delivery close lower by 1.99 percent or .797 to finish the session at
39.31 per troy ounce. During the interval after session close but prior to
opening bell for todays trading session, spot gold and spot silver prices were
both moving in negative territory. Spot gold price per gram was red by .27 at
52.08 and spot gold price per kilo was red by 272.96 at 52078. Spot silver price
per kilo was red by 21.16 at 1267 and spot silver price per ounce was red by .66
at 39.43. The dollar grew stronger versus a handful of other currencies during
the last trading session and the weaker euro hurt precious metal gold and silver
acquisitions. Camillo Zucari
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