Although gold prices ultimately touched an intraday high during the last
trading session, price per ounce rates finished the day in the red along with
the primary stock indices. The Dow Jones finished in negative territory, as did
the Nasdaq and the S&P 500. Both gold and silver contract finished the last
trading session in the red. Officially, gold contract for December delivery
closed out red by .19 percent or 3.60 at 1873.30 per troy ounce. Silver contract
for December delivery closed lower by 2.79 percent or 1.201 at 41.87. The dollar
dropped lower to the euro yesterday which often correlates to an increase in
precious metal gold purchasing. Prior to opening bell this morning, stock
futures were in better position. The Dow Jones, as well as the Nasdaq and S&P
500 futures were all posting green. Safe haven interest could trail off today if
stock indices continue to hold the positive position. Spot gold and spot silver
prices continued to trend in the red. Prior to opening bell, spot gold price per
gram was lower by .83 at 59.29. Spot silver price per ounce was lower by .39 at
41.43. Camillo Zucari
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