Gold and silver contract price per ounce rates closed out the last trading
session in the green. Investors began to position more with the precious metal
safe havens last week as the primary indices closed out in the red once again.
Not only did stock indices close red on Friday, but the primary stock indices in
the U.S. finished red once again for the week overall. Investor anxieties were
already boiling higher and then the jobs data posted Friday. Jobs created in
August were far below what many economists were expecting. This, paired with the
continued rate of national unemployment above 9 percent, initiated a stock sell
off last Friday. The negative ramifications should continue to play out in the
marketplace as trading on Tuesday progresses. Ramifications were already felt in
the global market session yesterday, and the signs were not positive. Data
points towards continued struggles for stocks. Futures set up for the lower open
this morning and thus investor interest in safe havens will push higher if
trends stay negative. Gold ended the last trading session in the U.S. on a
positive note as it closed higher by 2.61 percent at 1876.90 per troy ounce.
Prior to opening bell this morning, spot gold was still pushing into the green.
Spot gold price per gram was green by .81 at 61.05. Camillo Zucari
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