Both precious metal gold contract and precious metal silver contract closed out
the last session lower. Stocks hit a late day rally and found their way into the
green prior to yesterdays close and safe haven appeal of precious metals was not
on the primary radar of many investors on Wall Street. Gold price per ounce rate
for December delivery contract dropped lower by 2.48 percent or 46.20 to close
out at 1813.30 per troy ounce. Silver contract for December delivery fell lower
by 3.38 percent or 1.407 to close out at 40.22 per troy ounce. Prior to opening
bell this morning, stock futures were back in the red and stocks were set for a
weaker open. Spot gold price per gram and spot silver price per ounce were both
trending green at this point. As the trading session reached the halfway mark,
the primary stock indices in the U.S. were mixed. The Dow was still red but the
Nasdaq and S&P 500 were moving in the green. The DJIA was red by .21 percent at
11,038.04. The dollar was stronger versus the British pound and the euro. Gold
futures were on the rise at this point. Electronic gold price per ounce rates
for December delivery gold was higher by .79 percent or 14.30 at 1827.60 per
troy ounce. Electronic prices for December delivery Silver was higher by 1.57
percent or .633 at 40.85 per troy ounce. The one month change status continues
to remain positive by 3.32 percent and the one month change status for silver is
still positive by 3.24 percent. Spot gold and spot silver prices were still
holding green at this point in the session. Spot gold price per gram was higher
by .41 at 58.60 and spot silver per ounce was higher by .57 at 40.74. Safe haven
interest in gold and silver grows as fear over the European market uncertainty
increases. Camillo Zucari
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