The major market index composites stayed green today and so did precious metals
gold and silver. Gold and silver prices both moved into positive territory
today. This was a positive move for the yellow precious metal after spending the
last couple days in the red. The dollar dropped weaker to the euro today and
this action helped to support gold and silver acquisition. It was interesting to
see gold move up the charts today even as investors on Wall Street were moving
back into stocks. Better than expected news pertaining to Asian and European
stocks, paired with the Google merger deal helped to push stock into positive
territory today. Safe havens gained interest today on continued concerns
regarding economic growth. The weaker dollar helped to make precious metal gold
and silver cheaper to buy today. As the session approached close for the day,
the primary stock indices were green and gold and silver were posting green
values as well. The DJIA was higher by over 200 points at 11,471. Gold contract
for December delivery was higher by .88 percent at 1758 and silver contract for
September delivery was higher by .49 percent at 39.31 per troy ounce. Spot gold
price per gram was positive at this point as well. Spot gold per gram was higher
by .77 at 56.72 and spot silver price per ounce was higher by .62 at 39.72.
Camillo Zucari
No comments:
Post a Comment