XCSFDHG46767FHJHJF
dow2664 Investors will look for safe have gold prices to move in a positive direction as worry over the economy rises. All stock indices closed out in negative territory last week after weaker than expected jobs data posted. The unemployment rate remains at 9.1 percent and many see the economy grinding slower. The Dow Jones ended the last trading session in the U.S. red by 253.31 points. Overall for the week the composite was negative by about .4 percent. The recession risk is growing in the minds of many investors on Wall Street and as this risk grows, so too does the interest in safe haven precious metals. Gold prices have been moving higher over the past 30 days. The one month change status for precious metal gold is positive by 13.65 percent. Silver is gaining fame as well in the current market environment. Silver’s one month change status is positive by 11.80 percent. Both metals closed out the week on a high note. Gold contract finished at 1876.90 per troy ounce. Silver finished at 43.07 per troy ounce. Spot gold price per gram is currently trending higher by .48 at 60.73. If the abbreviated week opens up by carrying over the negative momentum that pushed indices lower last session, safe haven interest will continue to grow. Camillo Zucari
No comments:
Post a Comment