Tuesday, December 6, 2011

Todays Gold Price per ounce; Silver price per ounce; Spot gold price per gram Spot Silver Rates Today

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dow2664 Gold and silver prices have both moved higher when viewed from a broad perspective. The safe haven appeal of gold pushed it higher over the course of the past year as the economies in the U.S. and the eurozone reveal various signs of struggle. Gold pushed higher once again last week in response to the news that the European Central Bank would move to inject money into the International Monetary Fund. The eurozone countries are moving day by day through the respective debt crisis. In contrast, the U.S. economy has received some better than expected news recently. Retail sales during the holiday season have been better-than-expected so far in the U.S. and future sales are expected to be positive as well. Confidence in the current U.S. economy is improving and this positively skewed action deflates the safe have appeal of gold a little for some investors. As of the end of day close in the U.S., gold and silver price trend-lines ended in the red. Gold contract for February delivery closed lower by .96 percent at 1734.50 per troy ounce. Silver contract for March delivery finished in the red by .96 percent at 32.37 per troy ounce. Spot gold price per gram was lower by .88 at 55.29 and spot silver price per ounce was red by .53 at 32.10 after last session close. Camillo Zucari



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