The safe haven appeal of precious metals gold and silver pushed the two
precious metals into positive territory during the initial half of the last
trading session. Contract gold and silver were both posting values in the green
at this point, as were values for spot gold per gram and spot silver per ounce.
Investors continued to hold worries relevant to the debt default potentials in
Greece as most believe that Greece will be challenged to resolve its financial
issues. Many feel that default is a real possibility. The ramifications of the
default would negatively affect markets globally and the threat of this
happening is pushing negatively on market indicators currently. The safe haven
aspects of precious metal gold and silver may benefit as the resolution process
continues to unfold. As the last trading session came to a close in the U.S.,
the primary index composites all closed below break-even. The DJIA finished the
day lower by 259.74 points to close out at 10,653.64. Both precious metals gold
and silver closed out the last trading session in the green. Gold for December
delivery closed out higher by 2.18 percent at 1657.70 per troy ounce. Contract
Silver for December delivery closed out the last session higher by 2.37 percent
at 30.80 per troy ounce. After last session close and prior to todays opening
bell, spot gold and spot silver prices continued to move in positive territory.
Spot gold price per gram was higher by 1.37 at 53.47 and spot silver price per
ounce was higher by .72 at 30.76 at this point. Camillo Zucari
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