Gold and silver price rates moved higher during the last trading session.
Silver contract price per ounce went green as did gold contract price per ounce
rate. Friday was a positive day overall for the marketplace in the USA as
investors confidence continued to notch higher. The progressive talks in the
eurozone pertaining to debt bailout action planning has helped to increase
investor optimism. The primary stock indices bumped to relative highs last
session and gold and silver futures pushed into the green as well. Contract gold
for December delivery finished the last session higher by 20.60 at 1636.10 per
troy ounce. Silver contract per ounce closed higher by .912 at 31.19. Although
gold contract prices have been negative over the course of the past month, last
sessions positive outcomes helped to push gold rates to negative 8 percent over
the course of the past one month change. Silver price trends are still negative
by about 20 percent according to one month change analysis. Spot gold per gram
was higher and recent spot silver per ounce trends were moving in a positive
direction as well. Spot gold per gram was higher by .93 at 52.97 and spot silver
per ounce was higher by 1.05 at 31.33. After hours numbers for contract gold
were positive as well. Investors will look for precious metal gold and silver to
maintain the positive trends as the new trading week opens. Others however will
look to determine if the corrective price trends continue once again for
precious metals gold and silver. Camillo Zucari
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