XCSFDHG46767FHJHJF
dow2664 Gold and silver price per ounce rates suffered losses during the last trading session. A significant sell-off transpired in the market place during the final trading session of last week and as a result, both contract gold and contract silver closed out below the break-even mark. The dollar gained strength last week and ended the week higher overall by approximately 2.5 percent against a handful of other foreign currencies. This action made it more difficult for gold and silver buyers and thus pressured price trend-lines for the two precious metals. Investors continue to feel market based uncertainty on a global scale and this uncertainty is reflected in the negative stock index outcomes today. Asian markets finished their session weaker today. Prior to opening bell this morning in the U.S., spot gold price trends and spot silver price trends were tracking on the positive side of break-even. European markets closed out weaker as well. At the halfway point in the U.S. session, the primary index composites were also moving on the negative side of break-even. The safe haven appeal of gold and silver is attracting buyers today and the price per ounce rates are climbing. At the mid-day mark, gold contract for December delivery was higher by .36 percent at 1780 per troy ounce. Silver price per troy ounce was higher by 1.51 percent at 34.60 according to mid-day electronic pricing. Spot gold price per gram was higher at this point at 57.24 and spot silver price per ounce was moving positively as well at 34.57. Camillo Zucari
No comments:
Post a Comment