Gold and silver price per ounce rates moved higher during the majority of the
last trading session today. As the session approached end of day close, gold and
silver contract were trending on the positive side of breakeven. Gold price
trends have been struggling recently due, in part, to the strengthening of the
greenback. The higher dollar value has been placing pressure on precious metal
gold and silver acquisition. Over the course of the past month, gold and silver
price trends are distinctly negative. Gold and silver price trend movement has
spent the whole of the month on the negative side of break-even. According to
one month change data analysis, gold price trends are negative by almost 9
percent. Silver price trends are negative by 21.40 percent according to one
month change data analysis. As the trading session finalized close numbers
today, both gold and silver were bucking recent trends and moving on the
positive side of break-even. Contract gold for December delivery was higher by
14.50 at $1683 per troy ounce. Silver contract for December delivery was higher
by .506 at $32.17 per troy ounce. Spot gold per gram and spot silver per ounce
were also moving in positive territory at this point. Spot gold per gram was
higher by .39 at 54.03 and spot silver per ounce was higher by .51 at 32.18.
Camillo Zucari
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