Data flooding the marketplace today is mixed. Gold and silver prices are
fluctuating as a result. Spot gold and spot silver prices were moving in
divergent directions earlier today as investors try to come to process with the
influx of news. Stock indices are trending higher right now as support is
stemming to the European marketplace. Central banks have given the eurozone
marketplace a boost of confidence by reassuring the region that U.S. dollars
would be made available for financial support. This helped stock indices notch
higher, but U.S. economic data posting this day is skewing towards the negative.
Initial jobless claims jumped higher today and the Consumer Price Index reveals
that prices rose in August. This news has added weight to the second half of the
trading session today. The safe haven appeal of precious metals gold and silver
could benefit as a result. The dollar is falling weaker today as well which
could also help support gold and silver acquisition. As the mid-day mark of the
trading session came and went today, contract gold and silver price trends were
both trending red. Electronic price for December contract gold was lower by 2.33
percent at 1784 per troy ounce. Electronic price for December contract silver is
red by 2.22 percent at 39.64 per troy ounce. Spot gold price per gram was lower
by 1.40 at 57.23 and spot silver price per ounce was lower by .88 at 39.59.
Camillo Zucari
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