Wednesday, August 17, 2011

Todays gold price per ounce Spot silver price per ounce Spot gold per gram; DJIA Index DJX DJI Review Gold Silver Green

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dow2664 Stocks are giving back gains again today and as the trading session was moving closer to official close in the U.S., the primary index composites were red. Gold prices are moving higher again. Silver prices are following as well. Precious metals gold and silver take position while stocks give back this day. Overseas market trends are still uncertain as European stocks ended their respective session mixed and Asian markets closed out mixed as well. The cues are not supporting investor confidence on Wall Street just as the economic news posting in the U.S. is not boosting optimism. Momentum was negative as stocks closed out yesterday and many continue to hold worries associated with the Eurozone debt crisis. In addition today, the Producer Price index posted a .2 percent rise in inflation. This action weighed negatively on investor positioning today and pushed money away from riskier stock options. The safe haven appeal of precious metals gold and silver held strong through the majority of the trading session today. A weaker dollar also helped gold and silver purchasing this day. As official close approached in the U.S. marketplace, gold and silver continued to move in the green. Contract gold for December delivery was posting higher by .39 percent at 1792 per troy ounce. Spot gold and spot silver were moving higher as well at this point. Spot gold price per gram was higher by .34 at 57.64 and spot silver price per ounce was higher by .47 at 40.29. Camillo Zucari



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