Concerns regarding the economic growth in the U.S. paired with building
anxieties relevant to the Eurozone debt crisis are teaming to push gold prices
to new highs. Gold prices pushed above the 1800 price per troy ounce mark as the
last trading week came to a close. The primary stock indices in the U.S. were
red while precious metals gold and silver continued to move higher. The Dow
Jones ended last trading session red lower by over 172 points at 10.817.65. The
Dow finished the week lower overall by just over 4 percent. It has been a
struggle for investors to position with riskier stock options during the choppy
and volatile trading sessions. Safe haven precious metals are experiencing a
surge of attention and precious metal gold has been hitting record highs in the
climate. Gold for December delivery finished last session higher by 1.66 percent
at 1852.20 per troy ounce. The one month change status for precious metal gold
is positive over 17 percent. Silver closed out last trading session higher as
well. The precious metal was higher by 4.29 percent at 42.43 per troy ounce.
Spot gold and spot silver are currently moving in a positive direction. Spot
gold price per gram is higher by 1.22 at 60.70 and spot silver price per ounce
is higher by 1.24 at 43.67. Primary stock indices in the U.S. are pushing into
the green as the mid-day mark approaches. The DJIA is higher by over 77 points
right now at 10,894.77. Camillo Zucari
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