Contract gold price per ounce rate and contract silver price per ounce rate
closed on the positive side of break-even once again last session. Gold and
silver posted substantial gains last session amid the broad based rally observed
on Wall Street. The boost in precious metal gold and silver was supported by the
interest rate cut initiated by the European Central Banks. This action, paired
with the Greek Prime Ministers decision to back off the austerity measure
referendum, helped to push precious metal commodities and stocks higher last
session. Today, prior to opening bell, price trends for precious metal gold and
silver were dropping lower. Spot gold and spot silver price trends at this point
were posting red. Spot gold per gram was lower by .25 at this time and spot
silver per ounce was lower by .14 at this point. After-hours tracking for
contract gold price per ounce was negative. Today, as the session reaches the
mid-day mark, the primary stock indices had fallen into the red. Precious metal
gold and silver price trends were tracking lower as well. Contract gold price
per ounce for December delivery was lower by .57 percent at 1755 per troy ounce.
Contract silver price per ounce rates for December delivery was lower by .82
percent at 34.22 per troy ounce according to electronic price rates. Spot gold
prices and spot silver prices were tracking lower at this point as well. Spot
gold price per gram was lower by .34 at 56.41 and spot silver price per ounce
was lower by .38 at 34.12. Camillo Zucari
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