The dollar fell to the euro, British pound and the Japanese yen during the last
trading session but precious metal gold and silver prices continued to fall
back. It is not uncommon to see precious metals like gold and silver receive
more attention when the dollar moves weaker. This did not happen yesterday
however and it is not all that surprising. Gold and silver prices have been
dropping back dramatically recently as the two precious metals experience
corrective actions in the current global market environment. The pull for
correction has been strong. The safe haven appeal of gold has not been
attractive to investors even during the recent stock market volatility. Now that
the primary stock indices have pushed into positive territory, gold and silver
prices will be even more challenged to find positive ground. December contract
gold lost 45.00 dollars yesterday. Positive trends for Gold and silver did
resurface today though. Prior to opening bell this morning, spot gold and spot
silver were posting positively sloped trends. Spot gold price per gram, as well
as spot silver price per ounce, were in the green at that point. As the trading
session reached the mid-day mark today stock indices were still green and
indicators were positive for gold and silver prices. Electronic price for
December contract silver was higher by 6.69 percent at 31.98 per troy ounce.
Electronic price for December contract Gold was higher by 3.96 percent at 1,658
per troy ounce. Spot gold and spot silver prices were still green at this point
in the trading session as well. Spot gold price per gram was higher by 2.13 at
53.34 and spot silver price per ounce was higher by 2.17 at 32.10. Investors are
interested in gold and silver bargains at this point. Camillo Zucari
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