Friday, September 30, 2011

Todays Gold price per ounce, Silver price per ounce; Spot gold per gram spot silver per ounce Mid-Day Market News

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dow2664 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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