Interest in gold and silver dropped lower during the last trading session as
interest in stocks moved higher. Global markets closed higher yesterday in Asia
and Europe and this positive action traveled over seas to help stock indices in
the U.S. notch higher. As investors moved back into stocks, they positioned less
with safe haven assets like gold and silver. The primary stock indices in the
U.S. ended green across the tracking boards. The Dow Jones closed higher by 2.47
percent or 275.56 points at 11,414.86. The dollar dropped lower versus the euro,
the British pound and the Japanese yen. Gold and silver futures dropped lower on
the day. Gold contract for December delivery moved lower by 2.97 percent or
55.70 to close at 1817.60 per troy ounce. Silver contract for December delivery
moved lower by .57 percent or .237 to close out red at 41.63. During the
interval after last session close but prior to todays session open, spot gold
and spot silver prices move in negative territory. Spot gold price per gram was
lower by 1.10 at 50.02 and spot silver price per ounce was red by .17 at 41.64.
Camillo Zucari
No comments:
Post a Comment