Gold and silver price trends continued to show positive slope during the most
recent trading session. Both precious metals gold and silver finished the most
recent trading session on the positive side of break-even. Investors anxieties
were on the rise during the most recent session as European leaders continued to
work out the details of the debt crisis resolution plan that has been
developing. Details of this plan are set to be released today, but global
investors wonder now if it will be too little too late. The primary stock
indices in Europe closed red across the board last session and this negative
momentum carried over and applied negative pressure to the primary stock indices
in the U.S. The primary index composites in the U.S. finished the last session
red across the board. The safe haven appeal of precious metal gold and silver
helped to push gold and silver acquisition in the market environment. Investors
hold some uncertainty right now and stocks suffered as a result. Contract gold
for December delivery however, finished higher by 2.91 percent at 1700 per troy
ounce. Silver contract for December delivery finished the session higher by 4.45
percent at 33.05 per troy ounce. After last session close and prior to todays
opening bell, spot gold price trends, as well as spot silver price trends, moved
positively. Spot gold per gram was higher by 1.47 at 54.60. Spot silver per
ounce was higher by 1.31 at 32.95. Camillo Zucari
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