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dow2664 Economic data skewed negative during the last trading session in the U.S. and as a result, the primary stock indices barely held green to close out the session. The Dow Jones Industrial Average finished off the session higher by only 20.7 points to close at 11,559.95. Gold and silver contract prices, as well as spot gold and spot silver prices, bumped higher during the session as investor confidence waned. Specific data posted during the session yesterday relaying the extent of the pressure influencing consumer confidence. According to the Conference Boards report, the Consumer Confidence index dropped significantly between July and August. The drop was as severe as any seen in two years. The safe haven appeal of precious metals grew more attractive as the negatively skewed economic data posted. Gold contract for December delivery moved higher by 2.13 percent to close out at 1,829.80 per troy ounce. Silver contract for September delivery moved higher by 2.10 percent to close out at 41.40 per troy ounce. Spot gold price per gram was higher by .134 at 58.84 and spot silver price per ounce was higher by .82 at 41.37. Camillo Zucari
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