Contract gold and silver experienced a moderate increase after news spread that
Italian Prime Minister, Silvio Berlusconi, would step aside. Precious metal gold
and silver price per ounce rates drifted back though shortly after this
announcement. Trends for the two precious metals have been observed in negative
territory since. The dollar was on the rise last session which made precious
metal gold and silver more expensive. Gold and silver contract were negative at
the mid-day mark and as of last session close, both precious metals had finished
on the negative side of break-even. Contract gold for December delivery closed
out the day lower by .42 percent or negative 7.60 to close at 1791.60 per troy
ounce. Contract silver for December delivery finished lower by 2.25 percent or
negative .792 at 34.36 per troy ounce. After last session close but prior to
todays open, spot gold and spot silver prices continued to move in negative
territory. Spot gold price per gram was lower at this point by 1.09 at 56.52.
Spot silver price per ounce was lower by .61 at 33.76. The Gold sector turned
lower alongside the DJIAs 400 point loss. Camillo Zucari
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