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dow2664 The safe haven appeal of precious metal gold and silver weakened yesterday as Europe eased inflation fears in the U.S. Both precious metal gold and silver prices trailed back in the environment. The European Central Bank took action during the last session to buy up bonds in an effort to reduce rising yields on the 10-year Italian bonds. This action had the desired result for the short term and yields fell off of highs last session. Contract gold and silver closed out the last session red as investors felt some reassurance. Gold contract for December delivery dropped lower by 1.79 percent, or negative 32, to close at 1759.60 per troy ounce. Silver contract for December delivery finished the session red by .74 percent, or negative .26, to close out at 34.11 per troy ounce. It was another negative close for contract gold and silver contracts. After last session close but prior to today’s session open, spot gold and spot silver price trend-lines continued to move in negative territory. Spot gold price per gram was lower by 1.29 at 56.56 and spot silver price per ounce was lower by 1.29 at 33.86. Camillo Zucari
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