Gold and silver contract finished off the last trading session with mixed
results. Gold remained below break-even for the day and silver contract finished
off in positive territory. Spot gold and spot silver were both trending in the
green however after last session close. Economic news in the U.S. was better
than expected last session and so the raised expectations that come from this
could set the stage for more negative trends today for the primary stock indices
if data posts below the raised bar. The higher expectations could ultimately
result in growing appeal for safe haven assets like gold and silver metals. This
morning prior to opening bell, spot gold and spot silver were both still
trending green. Spot gold per gram was higher at 52.37 and spot silver per ounce
was higher at 31.00 dollars. As the trading session reached the halfway point
today in the U.S., the primary stock indices were dropping into negative
territory and precious metals gold and silver were mixed. Gold contract for
December delivery was benefiting from safe haven appeal as it moved up by .32
percent at 1622.50 per troy ounce. Silver was negative by .22 percent at 20.46
per troy ounce. Spot gold price per gram was green by .18 at 52.12 and spot
silver price per ounce was red by .21 at 30.26 at this point in the trading
session. Camillo Zucari
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