Golds appeal held strong throughout the course of the last trading week. Both
precious metals, gold and silver, finished the week in the green as their safe
haven appeal attracted the attention of many investors. The U.S. marketplace was
inconsistent once again and the volatility with stocks is stemming from global
concerns. Morgan Stanley reported that both the European and American economies
were dangerously close to recession. This news spread quickly and only served to
add additional pressure to a global market place that is already struggling for
air. In the U.S., the primary stock indices ended yesterday red and they were
once again negative for the week. The Dow Jones finished off yesterday lower by
172.93 points to close at 10,817.65. The Nasdaq finished lower by 38.59 points
to close out at 2,341.84 and the S&P 500 finished lower by 17.12 points to close
at 1,123.53. For the week, the Dow Jones finished lower by 4 percent. The Nasdaq
finished lower by 6.6 percent and the S&P 500 finished lower by 4.7 percent. The
negativity is making gold and silver more popular by the day. Gold contract for
December delivery finished last session higher by 1.87 percent at 1852.20.
Another record-high touching session for gold. Silver contract for September
delivery finished higher by 11.29 percent at 42.43 per troy ounce. Golds one
month change status is positive by 16.04 percent and silvers one month change
status is positive by 5.03 percent. Spot gold price per gram is green as well.
Spot gold price per gram is currently higher by 1.05 at 59.53. Camillo Zucari
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