Precious metal gold and silver finished out last weeks closing trading session
in the green. Economic data posting last Friday was weaker than expected and
thus investors moved towards safe haven assets. Today, stock futures set up for
the negative open, and upon opening bell, the primary stock indices fell off
significantly. The drop off was perceived by most to be the continued aftermath
of the weak jobs data. In addition to this, investors continue to worry about
eurozone markets and the debt crisis playing out in Greece. Stocks composites
stayed red. As the end of day finalized, the primary stock indices were still
negative. The Dow Jones Industrial Average was lower by just over 100 points at
11,136. Gold hit an intraday record earlier in the trading session at 1923.70
per troy ounce but had dropped lower as close finalized. Gold contract was lower
by .19 percent at 1873.30 per troy ounce. Silver contract was lower by 2.79
percent at 41.87 per troy ounce. Spot gold and spot silver were mixed. Spot gold
per gram was higher by .13 at 60.37 and spot silver per ounce was higher by .85
at 42.17 at this point. Camillo Zucari
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