Gold prices shoot to new highs. The negative heat of the last week in the stock
market had no chance to cool before the stock index plummeting began yesterday.
The primary stock indices finished off the last trading session disastrously
lower and investor fears are spiking. The Dow Jones Industrial Average, Nasdaq
and S&P 500 all closed out the day in the red and the single day of losses was
the worst for stocks since 2008. The DJIA dropped lower on the day by over 634
points to close out at 10,809.85. The Nasdaq finished lower by over 174 points
to close at 2,357.69 and the S&P 500 finished lower by almost 80 points and
closed at 1,119.46. Safe haven appeal of precious metal gold shot gold prices
much higher as contract gold prices remained over the 1700 price per troy ounce
mark for the session. Floor price for December delivery contract gold moved
higher by 3.72 percent to close out at 1,713.20 per troy ounce. Silver moved
higher on the day as well. September contract silver finished the session higher
by 3.06 percent closing at 39.38 per troy ounce. During the interval between
last session close but prior to todays opening bell, spot gold and spot silver
prices moved in the green as well. Spot gold price per gram was higher by 3.24
at 56.25 and spot gold price per kilo was higher by 3242.72 at 56252.88. Spot
silver price per kilo was higher by 24.50 at 1252.56 and spot silver price per
ounce was higher by .76 at 38.96. Camillo Zucari
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