Gold price per ounce rates and silver price per ounce rates continue to travel
a choppy but negatively skewed path. The trend lines for precious metal gold and
silver move in a decisively negative direction over the course of the past
month. The safe haven appeal that gold prices once benefited from seem but
distant memories. The current market environment has been volatile for stocks
over the last several months but the marketplace has still not been a friendly
environment for the precious yellow metal. The one month change status for gold
prices is negative by 10.90 percent and the one month change status for precious
metal silver is red by an even greater degree at negative 28.01 percent.
Precious metals gold and silver finished the last U.S. trading session mixed.
Contract gold for December delivery finished the last session green by .72
percent at 1629 per troy ounce. Precious metal silver for December delivery
closed out the last session lower by .83 percent at 30.27 per troy ounce. Prior
to opening bell this morning, spot gold and spot silver prices were moving in
positive territory. Gold price per gram was higher at this point by .35 at 52.45
and spot silver price per ounce was higher at this point by .41 at 30.45.
Camillo Zucari
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