Investor uncertainty is pushing higher in the current market environment and
this uncertainty may be helping to support precious metal gold and silver
acquisition. Gold price per ounce rates and silver price per ounce rates climbed
the ladder during this weeks opening trading session. Contract gold closed
higher by .99 percent last session and contract silver closed higher by 1.45
percent. Both metals made noteworthy gains during the day. Prior to opening bell
this morning, spot gold price per gram rates and spot silver price per ounce
rates continued to show trend line movement on the positive side of break-even.
Safe haven appeal of precious metals may be supported right now due to the
uncertainty surrounding the debt crisis resolution process playing out in the
eurozone. News will break via the European summit conclusion on Wednesday. News
will relate to the action planning for debt resolution, and the expectations are
high. With only one day left before plans are made public, global investors are
beginning to feel the pressure. Precious metal gold and silver prices have
pushed higher in this global economic climate. As the trading session touched
the mid-day mark today in the U.S.A., precious metal contract gold and silver
price rates continued to post green. The primary stock indices were struggling
and posting red at the time. Contract gold for December delivery was higher by
2.13 percent at 1687.50 per troy ounce. Silver contract was higher by 1.96
percent at 32.26 per troy ounce according to mid-day electronic price posting.
Spot gold and spot silver were still trending higher at this point as well. Spot
gold price rate per gram was green by 1.41 at 54.54 and spot silver price rate
per ounce was higher by .99 at 32.63. Camillo Zucari
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