Gold price per ounce rates continued to climb the ladder during the most recent
trading session. So far this week, gold price trend-lines have sloped
positively. Gold contract for December delivery closed out on the positive side
of break even yesterday for the second straight trading session. The last
several weeks have been relatively weak for precious metal gold, but gold is in
rally mode this week. Contract gold for December delivery finished the last
session higher by 2.91 percent or positive 48.10 at 1700.40 per troy ounce. This
close mark for precious metal gold marks the highest close mark in over four
weeks. The one month change status for gold price is now positive by 4.87
percent. The dollar gained strength versus the dollar last session but precious
metal gold still attracted ample attention. Gold stocks pushed higher in
conjunction with gold contract price trends. Market Vectors Gold Miners ETF
closed out the last session green. GDX finished higher by 2.53 percent to close
at 57.45. Previous close for GDX was 56.03 according to MSN Money stock quotes.
It was a positive day in the gold sector overall. Camillo Zucari
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