Gold and silver price per ounce rates experienced a positive swing during the
last trading session. Precious metal safe haven appeal was strong enough to
attract investors attention and this action helped to push precious metal gold
and silver prices into positive territory for the day. Stocks continued to
experience negative pressure last session and were pushed lower by the weaker
than expected GDP report. According to this report, which was the second
estimate of third-quarter growth, the economy grew at a 2 percent annual rate
which was about half a percent weaker than expected. This, paired with rising
bond yields out of the eurozone, pushed investors anxieties higher. Safe haven
appeal of precious metals took hold and the weakening dollar helped support
precious metal buys. Precious metal gold and silver acquisitions moved higher as
a result. As the day came to a close in the U.S., contract gold and silver rates
posted green. Gold contract for December delivery closed higher by 1.42 percent
at 1702.40 per troy ounce. Silver contract for December delivery posted higher
by 5.90 percent at 32.95 per troy ounce. Spot gold and spot silver price trends
posted green after last session close again. Prior to opening bell today, spot
gold per gram was green by .90 at 54.86 and spot silver per ounce was green by
1.43 at 32.54 per troy ounce. Camillo Zucari
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