Wednesday, November 23, 2011

Todays Gold Price Per Ounce, Spot Gold Price per gram; Spot Silver price per ounce; Gold Silver Rates News Mid-Day

Gold price per ounce and silver price per ounce closed out with floor prices on
the positive side of break-even last session. The safe haven appeal of the two
precious metals remained attractive to global investors as the debt crisis
continues to play out globally. In addition to the negatively skewed debt crisis
developments, the GDP report in the U.S. posted weaker than expected yesterday
in the U.S. These actions pushed investors to side with safe havens through the
last trading day. Today, gold and silver price trends have fallen back. Prior to
opening bell this morning, spot gold price per gram trend-lines and spot silver
price per ounce trend-lines moved negatively. Manufacturing is down according to
the HSBC PMI report out of China. Weaker manufacturing data stemming from a
large consumer of metals means weaker trends for precious metal gold and silver.
As the trading session in the U.S. reached the mid-day mark, gold and silver
contract rates were dropping lower. Contract gold for December delivery was
negative at this point by 1.26 percent at 1681 per troy ounce. Silver contract
for December delivery was lower by 4.40 percent at 31.50 per troy ounce. Spot
gold per gram was lower by .53 at 54.20 and spot silver per ounce was lower by
1.36 at 31.59 at this point in the session. Camillo Zucari

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...