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dow2664 The stock market in the U.S. fluctuated a bit today and precious metal gold prices took advantage. Gold prices moved higher today just one day after stocks notched the gains and gold took the hit. Today, economic reports were not as positive and stocks felt the pressure, especially in the second half of the trading session. The Consumer confidence report posted this afternoon via the Conference Board and the results did not invoke confidence. The consumer confidence index was at its lowest level since 2009. Officially, the index dropped from a reading of 59.2 in July to 44.5 in August. The economic reverberations of this are significant and precious metal gold felt the vibrations. The vibrations were good for gold today as its safe haven appeal helped it bump higher on the price ladder. Just prior to official close in the U.S., gold contract for December delivery posted green by 2.13 percent at 1829.80 per troy ounce. Silver contract for September delivery posted higher by 2.10 percent at41.40 per troy ounce. Spot gold and spot silver were also moving higher at this point as well. Spot gold price per gram was green by 1.62 at 59.12 and spot silver price per ounce was green by .95 at 41.50. Camillo Zucari
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