The safe haven appeal for precious metals gold and silver could be on the rise
once again as the health of the global economy is questioned. Prior to opening
bell this morning, spot gold price per gram and spot silver price per ounce
price trends were moving in positive territory. Investors remain anxious
regarding the action that world leaders will take to support Europe with debt
resolution. Stock futures for the primary index composites in the U.S. were
posting red across the board prior to opening bell this morning. Stocks were
positioned lower as the negative weight from last quarter pushed in to burden
the opening day trends of this new quarter. As the trading session approached
the halfway mark in the U.S., the primary stock indices were still in the red.
The global economy is staggered at the unresolved debt issues in the eurozone.
As Greece attempts to resolve its debt issues, the stock indicators are pushed
towards the negative side of break-even. At mid-day, the Dow Jones was just
about break-even. Gold and silver contracts for December delivery were posting
positive electronic prices. Electronic price for December delivery gold was
higher by 1.83 percent at 152 per troy ounce. Electronic price for December
delivery silver was higher by 2.28 percent at 30.77 per troy ounce. Spot gold
price per gram and spot silver price per ounce continued to move in the green at
this point. Spot gold price per gram was green by 1.01 at 53.10 and spot silver
price per ounce was green by .64 at 30.68. Camillo Zucari
No comments:
Post a Comment