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dow2664 Gold prices continued to trend in positive territory today as gold retained its luster in the midst of a stock rebound. Stocks began the day with positive futures and the stage was set for a rebound. Investors on Wall Street were feeling increased confidence that the plummeting stock trends observed yesterday would motivate the Feds to initiate further quantitative easing. The Feds stated that interest rates would stay exceptionally low through 2013 but did not give indication that additional stimulus would be provided. Stock index composites dropped lower initially and trends were choppy. As close finalized, the major indices were trending green. The DJIA was higher by 3.90 percent at 11,231. Gold contract remained higher as well. The safe have appeal of gold held strong as the dollar dropped lower to the euro. Gold contract for December delivery was higher by 1.74 percent or 29.80 at 1743.00 per troy ounce. Investors continued to leave riskier stock options in the choppy and volatile market environment. Spot gold continued to move higher as well at this point in time. Spot gold price per gram was higher by .73 at 55.72 and spot gold price per kilo was higher by 734.00 at 55718.21. Gold prices hit a record high today of 1782.50 per troy ounce. Camillo Zucari
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