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dow2664 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 today’s 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 DJIA ’s 400 point loss. Camillo Zucari
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