Wednesday, October 26, 2011

Gold Price Per Ounce Rate; Gold Miners Gold Shares GDX ETF Close Higher; Current Gold News Today

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dow2664 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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