Gold price per ounce rates closed the last trading session higher overall for
the day. Silver price per ounce rates closed in positive territory as well. The
safe haven appeal of precious metals gold and silver attracted investor
attention last session and pushed the precious metal price into the green for
the day. The ongoing developments in Europe continue to keep investors on edge
as they worry about debt default potentials in noteworthy economies such as
Greece and Italy. The uncertainty relating to these developments keeps interest
above average for the safe haven yellow metal. Gold contract for December
delivery finished higher to close at 1788.10 per troy ounce. Silver finished the
day higher to close at 34.68 per troy ounce. Precious metals experienced a lift
as investor concerns over the euro appeared to lessen during the latter half of
the last trading session. With this, gold shares experienced additional support.
The ARCA Gold Bugs Index closed out the last trading session higher by 3.72
percent. HUI finished green at 603.66. Previous close for Gold Bugs Index was
582. Market Vectors Gold Miners ETF closed positively as well. GDX finished the
last session higher by 3.56 percent at 62.31. Previous close for GDX was 60.17.
Camillo Zucari
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