XCSFDHG46767FHJHJF
dow2664 Gold ’s 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. Gold’s one month change status is positive by 16.04 percent and silver’s 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
No comments:
Post a Comment