The dollar dropped weaker to the euro yesterday and gold and silver price per
ounce rates benefited as a result. Both gold contract and silver contract for
December delivery finished off the last session on the positive side of
breakeven yesterday. This morning, prior to opening bell for the day in the
U.S., the primary stock future indicators were posting red across the board.
Spot gold and spot silver prices had fallen and were trending on the negative
side of break-even at that point also. Gold and silver prices are still
decisively negative over the course of the last several weeks. One month change
analysis reveals that both gold and silver price trends remain negative over
this course of time. Today, as the trading session reached the halfway point,
the primary stock indices were in the red and the dollar was gaining strength.
The stronger dollar versus the euro was placing pressure on precious metal gold
acquisition. Precious metal gold and silver price trends were both posting in
the red as of the mid-day mark. Gold contract for December delivery was red by
1.22 percent at 1662 per troy ounce. Silver per troy ounce was lower by 3.31
percent at 31.70. Spot gold and spot silver prices were posting red as well.
Spot gold price per gram was red by .65 at 53.44 and spot silver price per ounce
was negative by 1.08 at 31.71. Camillo Zucari
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