Gold and silver price per ounce trend-line movement pushed negatively once
again last session. Both contract gold and contract silver price per ounce rates
finished in the red. Gold closed lower last session by 7.90 at 1774.30 per troy
ounce. Silver closed lower by .63 at 33.82 per troy ounce. The debt crisis in
the eurozone continues to weigh negatively on the marketplace. Fears appear to
be heightened this week as bond yields are jumping in the eurozone and the euro
is is being pressured. Investors now fear that the euro currency union is
vulnerable and the potential for a credit crunch in the eurozone is high. The
vulnerability and volatility with the euro is keeping investors sidelined.
Precious metal gold and silver acquisitions suffer as a result. Earlier this
morning, spot gold price per gram and spot silver price per ounce trend-line
movement was still negative. As the trading session reached the mid-day mark in
the U.S., precious metal gold and silver trends were still posting red.
Electronic price for gold contract was red by 2.1 percent at 1736.90 per troy
ounce. Electronic price for Silver contract was red by 3.64 percent at 32.59 per
troy ounce. Spot gold was lower at this point by 1.45 at 55.60 per gram and spot
silver was lower by 1.69 at 32.13 per ounce. Camillo Zucari
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