Gold prices and silver prices closed out the last session below break-even
again and the negative slide continued for these two precious metal commodities.
December contract gold finished last session lower by 34.40 at 1618.10 per troy
ounce. December contract silver prices moved lower by 1.40 and closed last
session red at 30.13 per troy ounce. The past month has been volatile for gold
and silver. Both gold and silver prices experienced significant drops during
this time frame. Overall, gold price dropped lower by approximately 9.5 percent
during this time and silver price dropped by an even greater degree. Silver
prices dropped by approximately 21.39 percent. Prior to opening bell this
morning, spot gold and spot silver prices were showing signs of positive
movement. As todays trading session reached the mid-day mark, the stock indices
were posting in positive territory and contract gold and silver were posting
higher trends as well. Electronic price for December delivery gold was green by
.20 percent at 1621.30 per troy ounce. Electronic price for December delivery
Silver was higher by 1.26 percent at 30.52 per troy ounce. Spot gold and spot
silver prices were still trending in positive territory at this point in the
trading session as well. Spot gold price per gram was higher by .14 at 52.10 and
spot silver price per ounce was higher by .75 at 30.84. Camillo Zucari
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