Gold price per ounce rates closed out yesterday in the red and spent a majority
of this days session trending on similar ground. The primary stock indices were
red as well through the first half of the trading session today but a couple key
economic reports skewed positive as the day progressed. Investors are still
hesitant to position with riskier stocks at this point and are sitting on the
fence ahead of tomorrows jobs report. As the session approached close, the
primary stock indices in the U.S. were still moving in negative territory and
gold prices were traveling lower as well. Specifically, the Dow Jones Industrial
Average was lower by .82 percent at 11,518. Both gold and silver contracts were
posting floor prices in the red at this point. Gold contract for December
delivery was lower by .14 percent at 1829.10 per troy ounce. Silver contract for
December delivery was lower by .57 percent at 41.53 per troy ounce. Spot gold
and spot silver were also red at this point in the session. Spot gold price per
gram was red by .17 at 58.62 and spot silver price per ounce was red by .23 at
41.46. Camillo Zucari
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