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dow2664 Gold and silver price per ounce rates moved higher during the trading session today. Investors were met with significant stock sell offs this morning after opening bell and then plummeting index composites followed after opening bell as well. Stocks were kept aloft via cues from Eurozone markets yesterday. Stocks finished stronger yesterday in the European and Asian marketplace. This helped push stock indices higher. Today, there was a reversal of fortunes. European and Asian stocks ended their respective sessions mixed and the negative sentiment carried over into the American marketplace. News of German economic woes further deflated investor confidence this day. On top of this negatively skewed overseas news, the housing sector statistics came in for July and were weaker than anticipated. This also kept the dark cloud over investors on Wall Street today. Precious metal gold and silver prospered in the midst of this tense climate. The safe haven appeal of gold attracted attention and by end of day close, gold and silver contracts were positioned in the green. The DJIA finished the day lower by more than 100 points. Gold contract for December delivery moved higher on the day by 1.54 percent to close at 1785 per troy ounce. Silver contract for September delivery finished lower by 1.30 percent at 39.82 per troy ounce. Spot gold and spot silver were moving higher at close as well. Spot gold price per gram was higher by .95 at 57.39 and spot silver price per ounce was higher by .69 at 39.99. Gold and silver did well as investors observed corrections with stocks today. Camillo Zucari
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