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dow2664 Gold contract for December delivery opening the first day of trading this week on the negative side of break-even. Silver contract for December delivery was in the red as well according to opening session close. Investors continue to deal with the negative pressure of the eurozone and U.S. debt crisis and the choppy trends that are playing out in the currency market as a result. The dollar gained versus a handful of other currencies once again last session and this action negatively pressured precious metal gold and silver acquisitions. The negative influence that the debt crisis is having on stock trends though helps keep the safe haven appeal of precious metal gold on investors’ radar. Stock tumbled approximately 2 percent last session in the U.S. and news from the congressional supercommittee was negative as well. Today, the GDP report in the U.S. was weaker than expected. This negatively skewed action could help support precious metal gold rates. Prior to opening bell this morning, spot gold price per gram was trending in positive territory. As the trading session reached the mid-day mark in the U.S., precious metal gold and silver price trends were positive. Electronic price for December delivery gold was positive by 1.02 percent at 1695.80 per troy ounce. Electronic price for December delivery Silver was positive by 3.36 percent at 32.16. Spot gold price per gram was green at this point by .60 at 54.56 and spot silver price per ounce was green by .11 at 32.53. Camillo Zucari
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