Gold and silver price per ounce trend-line movement today slopes negatively.
Gold price per ounce trend-line movement and silver price per ounce trend-line
movement has been choppy recently amidst the inconsistencies in the global
market environment. Investor behavior is closely tied into the eurozone
developments right now which is ultimately affecting the bottom line for gold
and silver prices. The volatility with the euro is noteworthy here and investors
perceptions of the euro continues to push and pull on the price of precious
metal gold and silver. The dollars recent strength versus the euro and British
pound has not helped gold and silver acquisitions rise. Prior to opening bell
this morning in the U.S., trend-line movement for spot gold price per gram and
spot silver price per ounce was distinctly negative. This presentation comes
just one day after gold and silver closed out on the positive side of
break-even. Today, as of the halfway point in the U.S. trading session, gold and
silver contracts were still moving in negative territory. Contract gold for
December delivery was lower by .26 percent with an electronic price of 1783.50
per troy ounce. Silver contract for December delivery was lower by .74 percent
at 34.42 per troy ounce according to the electronic pricing at the mid-day mark.
Spot gold price per gram was lower at this point by .30 at 57.19 and spot silver
price per ounce was red at this point by .51 at 34.17. Camillo Zucari
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