Gold price per ounce rate and silver price per ounce rate are likely to be
affected by the negative stock action being observed around the world today.
Business is not transpiring as usual and gold and silver trends are likely to
fluctuate as a result. The primary market indicators in Asia finished lower
today and European stocks were weaker as well. The eurozone is currently
contending with a faction of population unhappy with the measures that will
initiate bailout action for primary eurozone financial institutions. The
discontent is pushing global market indicators lower. Gold investors will
observe closely to determine if the weight of this action increases the safe
haven appeal of gold today. Prior to opening bell in the U.S., spot gold and
spot silver price trend movement was still below break-even. As the trading
session in the U.S. reached the halfway point today, the primary indices in the
U.S. were trending negatively. Gold and silver contract prices were posting
values in the red as well. Contract gold for December delivery was red by 1.55
percent at 1621.50 per troy ounce. Silver contract for December delivery is red
by .73 percent with an electronic price of 31.05 per troy ounce. Spot gold and
spot silver were posting red as well. Spot gold price per gram was lower by 1.10
at 51.85 and spot silver per ounce was red by .84 at 30.44. Camillo Zucari
No comments:
Post a Comment