Gold and silver prices have been dropping back over the last several days. Gold
and silver contracts finished in the red last session and continued to trend in
negative territory today. The primary stock indices in the U.S. experienced a
rebound today and this action helped many investors pull back from safe haven
assets. Gold and silver prices dropped as a result. At mid-day today, stocks
were up and precious metal gold and silver were down. As the trading session
finalized today, stocks were still holding strong and precious metal gold and
silver contracts were in the red. The Dow was higher by about 246 points at
11,386.25. Gold contract for December delivery was lower by 2.97 percent at
1817.60 per troy ounce. Silver contract was lower by .57 percent at 41.63 per
troy ounce. Spot gold per gram and spot silver per ounce was red at this point.
Spot gold price per gram was negative by 1.75 at 58.37 and spot silver per ounce
was negative by .25 at 41.57. The one month change status for gold is still
green by 5.63 percent and the one month change status for silver is still green
by 6.93 percent. Camillo Zucari
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