Despite the downward trends that gold and silver contracts have been
experiencing recently, gold and silver price per ounce rates for December
delivery contracts finished the last session in positive territory. Many metal
investors hope that the corrective action that has transpired over the past
couple weeks wraps up and that the two precious metals work towards regaining
the appeal and luster that many in the marketplace have come to adore. Gold
closed out last session higher at 1652.50 per troy ounce. Silver closed out last
session higher by 31.54 per troy ounce. Prior to opening bell this morning, spot
gold and spot silver prices were still trending green. Spot gold price per gram
was moving higher by .23 at 53.30. Spot silver price per ounce was trending in a
positive direction as well by .32 at 31.81. As the trading session reached the
halfway point today, the primary stock indices in the U.S. were trailing off.
Investors were feeling less confident that European leaders would move fast
enough to avoid defaults in the eurozone. Precious metal gold and silver prices
were posting in the red again. Electronic price for December contract gold was
lower by .27 percent at 1646.50 per troy ounce. Electronic price for December
contract Silver was negative by 1.49 percent at 31.06 per troy ounce. Spot gold
price per gram was lower by .48 at 52.59 and spot silver price per ounce was
lower by .72 at 30.77. Camillo Zucari
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