Gold and silver price per ounce rates moved higher during the last trading
session in the U.S. Investors on Wall Street still feel vulnerable and continue
to position with the safe haven precious metals. The positive action for gold
and silver transpired even as the stock market indices moved higher throughout
the last trading session. All three major index composites finished green
yesterday as better than expected stock action was observed in the Asian and
European markets. Japans economy is doing better than expected according to the
posted growth index and European stocks finished stronger than expected as well.
The positive sentiment carried over to the U.S. session pushing indices higher.
The Google acquisition news also placed a positive buzz for stocks in the U.S.
The DJIA finished off the day higher by 1.90 percent at 11,482.90. The positive
trends for stocks did not deter investors from positioning with safe haven gold
and silver however. Both metals finished the session green. The dollar dropped
weaker to the euro, and other major currencies, and this helped support gold and
silver acquisition. Contract gold for December delivery moved higher on the day
by .88 percent to close out at 1758 per troy ounce. Silver contract for
September delivery moved higher on the day by .49 percent to close out at 39.31
per troy ounce. The one month change status for gold is positive by 11.02
percent and the one month change status for silver is positive by just .80
percent. During the interval after session close in the U.S. but prior to todays
opening bell, spot gold and spot silver moved in positive directions. Spot gold
price per gram was higher by .68 at 56.63 and spot gold price per kilo was
positive by 682.24 at 56630.97. Spot silver price per ounce was higher by .45 at
39.55 and spot silver price per kilo was higher by 14.37 at 1271.50. Camillo
Zucari
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