Contract gold and silver prices were pushing higher once again during the last
trading session in the U.S. December contract gold, as well as December contract
Silver spent the majority of the session moving in positive territory. The stock
market in the U.S. had a favorable session as well. The DJIA was lifted higher
during the session as investors felt a boost of optimism relevant to the
positive economic data that posted yesterday. Positive economic news stemmed
from the unemployment claims and the GDP report. Both readings posted better
than expected and allowed investors to feel a rush of optimism. By the end of
day close, gold and silver contract finished on opposite sides of break-even.
December contract gold finished the day lower by .05 percent at 1617.30 per troy
ounce. December contract silver closed out the day higher by 1.29 percent at
30.52 per troy ounce. During the interval after last session close but prior to
todays opening bell, spot gold and spot silver trends were posting in the green.
Spot gold price per gram was higher by .37 at 52.32. Spot silver price per ounce
was higher by .72 at 30.80. Gold is still negative over the past month by
approximately 8.8 percent and silver is still negative by a much more
significant amount. The one month change for silver is red by approximately 25
percent. Camillo Zucari
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