Price for Gold per ounce and price for Silver per ounce trend lines were moving
in a positive direction this morning. Both gold and silver prices were posting
green values at that point. Gold and silver contract prices were moving in a
positive direction as were spot gold per gram and spot silver per ounce price
trends. It should be noted though that gold and silver price trends have
struggled in recent weeks and will be challenged today to continue above
break-even. One month change analysis for both gold and silver reveals that both
precious metals are losers over the course of this time. As the trading session
reached the halfway mark today, the primary stock indices in the U.S. were
climbing higher. News posted today pertaining to the European debt crisis.
European leaders revealed that they would unveil their plan to solve the debt
crisis by months end. Investor optimism increased and as a result, stock indices
pushed higher along with commodity price trends. Precious metals gold and silver
were both trending in positive territory just after the halfway pint in the U.S.
trading session. Gold contract for December delivery was higher by 2.29 percent
at 1673.30 per troy ounce. Electronic price for Silver contract was higher by
3.60 percent at 32.11 per troy ounce. Spot gold and spot silver prices were also
positive. Spot gold per gram was higher by 1.07 at 53.66 and spot silver per
ounce was higher by 1.17 at 32.16. Camillo Zucari
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