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dow2664 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 session’s 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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