Gold and silver contract finished off the last trading session in August Green.
Both precious metals attracted attention even though the primary indices in the
U.S., as well as in the Eurozone and Asian markets, were positive. The dollar
gained strength on the euro yesterday as well and this made precious metal gold
and silver a bit more expensive for some. Today, the primary stock indices spent
the majority of the first half of the days trading session in the red. Investors
are still apprehensive about the upcoming jobs report. Economic reports have
skewed positive this day though. The ISM report was better than expected and the
initial claims for unemployment report posted better than expected as well. Both
could be viewed as signs that the economy is not weakening as much as some
portray. Precious metal gold prices dropped lower into the red as well during
the opening half of the trading session today. As the mid-day mark approached,
precious metal gold for December delivery was trending red by .44 percent at
1823.60 per troy ounce. Spot gold and spot silver prices were mixed. Spot gold
price per gram was red by .16 at 58.63 and spot silver price per ounce was green
by .08 at 41.78. Camillo Zucari
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