Gold and silver price trends sloped more positively during the last trading
session of the week. Gold and silver contract ultimately closed out on the
positive side of break-even. The dollar weakened versus the euro during the
latter half of the last trading week and this action helped global investors
position more with safe havens like precious metal gold. The safe haven appeal
of precious metals remains attractive to investors right now due to the fear and
uncertainties tied into the eurozone developments. The debt crisis in the
eurozone continues to be an unsettling influence for the world economy. Stock
market indicators have been pressured as a result, and this negative weight is
pushing many investors to position with safe havens. Gold and silver contracts
finished the last trading session in the green. Contract gold for December
delivery closed the last session higher by .28 percent at 1725.10 per troy
ounce. Silver contract for December delivery finished the last session higher by
2.92 percent at 32.42 per troy ounce. After last session close in the U.S., spot
gold and spot silver price trends were moving positively. Spot gold price per
gram was higher by .10 at 55.40 and spot silver price per ounce was higher by
.81 at 32.31. Camillo Zucari
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