Friday, October 14, 2011

Gold Price Per Ounce; Silver Price Per Ounce; Todays Spot gold price per gram spot silver price; DJIA index DJX

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dow2664 Gold and silver prices moved below break-even again last session. Gold price per ounce was lower by 14.10 at 1668.50 per troy ounce. Silver price per ounce rates had dropped lower as well by 1.122 to close out at 31.67 per troy ounce. Gold and silver price trends are still decisively negative over the course of the last 30 days. The dollar index has been gaining strength during this time and this action has placed negative pressure on gold acquisition behavior. Data this morning indicated stronger trending may be in store for precious metal gold and silver today. Trends for spot gold and spot silver were posting in the green prior to opening bell in the U.S. this morning. The primary stock indicators in Europe and the U.S. were also posting on the positive side of break-even. Safe haven appeal could be minimal during today’s trading session. As the trading session reached the halfway point in the U.S., gold and silver contract prices were posting green. The primary stock indices in the U.S. were also green. The Dow Jones Industrial Average was higher by .67 percent at 11,555.56. December contract gold was higher by .15 percent at 1671 per troy ounce. Silver contract for December delivery was higher by .28 percent at 31.76 per troy ounce according to electronic price tracking. Spot gold price per gram was higher by .14 at 53.78 at this point. Spot silver price per ounce was higher by .15 at 31.82 at mid-day today. Camillo Zucari



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