Gold prices moved higher during the last trading session and silver prices
followed higher as well. Not even the passage of the debt deal could turn the
negative tide of momentum that is enveloping Wall Street right now. Negative
economic posts are adding up and safe havens like precious metal gold are
benefiting. The major stock market index composites closed out the last session
in the red once again yesterday. The red marks for the Dow are adding up as
yesterday marked the eighth consecutive day that the DJI has closed out on the
negative side of break-even. Investor worry and apprehension builds with each
additional red close and the market environment is ripe for safe haven
acquisition. Gold hit another intraday high yesterday and closed out the session
at a high. Gold contract for December delivery finished off green by 1.41
percent or 22.80 to close out at 1644.50 an ounce. September silver finished off
higher by 1.99 percent or .783 to close out the session at 40.09. Spot gold and
spot silver prices moved in a positive direction after last session close but
prior to todays opening bell. Spot silver price per kilo was green by 46.04 at
1309.50 and spot silver price per ounce was higher by 1.43 at 40.73. Spot gold
price per gram was higher by 1.11 at 53.17 and spot gold price per kilo was
higher by 1114.02 at 53166.08. Camillo Zucari
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