Gold prices touched highs over 1800 per troy ounce last week. Price trends were
pushed higher by golds safe haven appeal that received ample attention during
the wild fluctuations of the stock market last week. The major market index
composites fluctuated to significant lows often followed by
almost-as-significant rebounds the following day. The volatility with stocks
paved the way for precious metal gold to climb the ladder. Wednesday was the
best day for gold as it was the second significant drop for stocks during the
week. The stock market in the U.S. stabilized on Thursday and trends remained
positive for stocks to close out the week. Gold ultimately dropped lower and
ended the last trading session in the red. Contract gold for December delivery
ended the last trading session lower by .51 percent or 8.90 to close out at
1742.60 per troy ounce. Silver contract settled higher on the day by 1.15
percent to close out at 39.11 per troy ounce. Spot gold per gram moved lower too
55.99 and spot silver per ounce was moving lower prior to opening bell today as
well. Spot silver was lower by .21 at 38.89. Camillo Zucari
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