Gold futures were on the rise during the last trading session and ultimately
finished the day on positive ground. Economic data in the U.S. was mixed but
stock indices held. Indices remained solid in the Eurozone and Asian markets as
well. The dollar notched higher versus the euro and the British pound but gold
and silver contracts still held positive territory to close. Both gold and
silver price per ounce rates finished the day in the green. The Dow Jones
Industrial Average closed out the session higher by .46 percent or 53.58 points
at 11,613.53. The primary stock indices in the U.S. finished the month of August
off decisively lower though. The Dow Jones was red for the month by over 4
percent. The tone of the marketplace this month has been temped pessimism and
this has fueled safe haven interest. Gold prices soared earlier this month only
to meet with corrections as the latter half of the month progressed. Economic
concerns are taking center stage again and precious metal gold is benefiting.
Gold contract for December delivery finished off the last trading session higher
by .10 percent to close out at 1831.70 per troy ounce. Silver contract for
September delivery moved higher by .73 percent to close out at 41.70 per troy
ounce. Spot gold and spot silver prices were mixed after session close however.
Prior to opening bell today, spot gold price per gram was red by .13 at 58.60
and spot silver price per ounce was green by .24 at 41.64. Camillo Zucari
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