Wednesday, October 19, 2011

Todays Gold Price per ounce rates spot gold price per gram spot silver price per ounce; Gold silver Rate News Mid-Day

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dow2664 Gold price per ounce rates look very positive when one looks in from the vantage point of one year. Over this course of time, gold price trends are positive by about 24 percent. Gold investing during this time has been strikingly positive. Silver price trends are even more positive when viewed from this same time perspective. Over the course of the past year, silver price rates have jumped higher by approximately 30 percent. Gold and silver investing has helped to push price per ounce rates higher in significant fashion over this time frame. Lately though, gold and silver have hit the breaks. Correction is a term one hears when it comes to gold and silver price movement. According to recent one month change analysis for both gold and silver, price per ounce trend lines reveal a negative slope. Gold and silver contracts continued to struggle last session. Gold contract finished last session in the red, and silver contract closed out at about break-even on the day. Prior to opening bell this morning in the U.S., spot gold price per gram trends moved in positive territory and silver price per ounce trends were posting on the negative side of break-even. As the trading session reached the mid-day mark, stock indices in the U.S. were mixed. The Dow was higher by 10.14 at 11,587.19. Contract gold and silver price per ounce rates were posting negative values. Contract gold for December delivery was red by .21 percent at 1649.30. Silver contract for December delivery was negative by 1.29 percent and posted an electronic price of 31.42 per troy ounce. Spot gold and spot silver were red at this point as well. Spot gold price per gram was negative by .33 at 52.81 and spot silver per ounce was lower by .63 at 31.20 as the mid-day mark of the U.S. session passed. Camillo Zucari



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