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dow2664 Prior to opening bell this morning, spot gold price per gram and spot silver price per ounce trend-lines were moving through positive territory. Prior to opening bell today, spot gold price per gram was higher by .10 at 55.40 and spot silver price per ounce was higher by .81 at 32.31. Precious metal price trends continue maintain attraction as a safe haven. The eurozone debt crisis that has been ongoing leaves investors with a bad taste and pushed many to buy precious metal safe havens as a way to gain tangible assets to balance out the volatile potential of bonds, stocks, and cash. Recently though, gold has not pushed as high as many would have expected considering the ongoing uncertainty stemming from the turmoil in Europe. Some feel the stagnation with gold price simply relates to price corrections. Regardless of the slowdown, precious metal gold is still comfortably ahead for the year, as is precious metal silver. In fact, world demand for gold is up overall. The World Council recently reported that Europe purchased a record 6.2 billion in gold bars and coins during the third quarter. It appears that precious metals still have some luster after all. Camillo Zucari
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