Stock indices provided glimmers of potential last week as they flirted with a
positive weekly close, but it was all for naught. Negative economic reports like
the jobs data on Friday pushed negatively on stocks and the week ultimately
ended in negative territory overall. Safe haven interest notched higher during
this time as investors moved away from riskier stock options and positioned more
with precious metals gold and silver. Contract gold for December delivery pushed
into the green by 46.40 to close out the last session at 1876.90 per troy ounce.
Silver contract for December delivery closed out last session higher by 1.537 at
43.07 per troy ounce. Spot gold and spot silver continued to moved in positive
territory after last session close. Spot gold per gram was higher by 1.81 at
60.52 and spot silver per ounce was higher by 1.72 at 43.21. Gold prices are
popping amidst the current market panic over the negative jobs report. Goldcorp
Inc. notched a green close last trading session. GG ended the session in the
green by 2.55 percent at 54.71. Previous close for Goldcorp was 53.35 according
to MSN Money quotes. Camillo Zucari
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