Gold and silver gain during first half of trading session. Prior to opening
bell this morning, spot gold and spot silver prices were dropping lower into
negative territory though. Gold price per ounce finished higher this week as did
silver price per ounce. Gold and silver prices experienced a positive push into
the green during the middle portion of this trading week, but the bear market
mentality and economic slowdown, in addition to the weaker manufacturing data
posting on a global scale, is keeping progressive trends for the precious metals
at a minimum. As the trading session reached the mid-day mark today, precious
metal gold and silver contracts were gaining strength. Gold price per ounce
contract for December delivery moved into the green through the first half of
trading today by .41 percent at 1660 per troy ounce. Silver contract for
December delivery was posting higher by .59 percent with an electronic price at
32.20 per troy ounce. The stock market was mixed as investors continued to worry
about the ongoing debt crisis in Europe, but felt a little uplifted to hear that
the U.S. economy added just over 100,000 jobs in September. Spot gold per gram
and spot silver per ounce were moving in divergent directions at this point in
the day. Spot gold price per gram was higher by .04 at 53.11 and spot silver
price per ounce was lower by .07 at 32.07. Camillo Zucari
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