Precious metal gold price per ounce rates closed out the last trading session
on the negative side of break-even. Precious metal silver price per ounce rates
finished off the last trading session in the red as well. Gold and silver rates,
although still positive for the year overall, are wallowing in negative
territory over the course of the past month. Gold contract price trends are
negative by about 7 percent according to one month change analysis. Silver
contract price trends are negative by about 19 percent according to one month
change analysis. The dollar gained strength last session versus the euro and
precious metal gold acquisition dropped lower. Prior to opening bell this
morning in the U.S., spot gold price per gram was trending below breakeven. Spot
silver price per ounce was moving on the negative side of breakeven as well. As
the trading session reached the halfway point today, precious metal gold and
silver price trends were still posting red. Contract gold for December delivery
was lower by 1.59 percent at 1650 per troy ounce. Silver contract was posting
lower by .60 percent with an electronic price of 31.63 per troy ounce. Spot gold
and spot silver price trends were moving in divergent directions. Spot gold
price per gram was lower by .66 at 53.24 and spot silver price per ounce was
higher by .19 at 32.01. Camillo Zucari
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