Gold and silver price per ounce trend-line movement was positive last session
and gold and silver contracts finished on the positive side of break-even. Last
session close for contract gold was higher by 31.40 at 1750.30 per troy ounce.
Silver contract for December delivery finished the last session higher by .85 at
32.80 per troy ounce. Gold has been trending higher overall over the course of
the past year. The one year change status for precious metal gold is positive by
approximately 26 percent and the positive trends observed last session for gold
price pushed the one month change status into positive territory as well. Metal
prices soared higher across the board last session. Gold pushed higher by almost
2 percent and silver price jumped by about 3 percent. Commodity prices sloped
positively last session in response to the news that the Federal Reserve, along
with a handful of other global central banks, would make a unified effort to
inject liquidity into the global market place. Gold and silver price trends
benefited as a result. As todays trading session reached the mid-day mark, spot
gold price per gram and spot silver price per ounce trend-line movement was
mixed. Spot gold price per gram was red by .11 at 56.01 and spot silver price
per ounce was green by .16 at 32.89. Contract gold for December delivery was red
by .20 percent at 1746.80 at this point. Silver contract for December delivery
was green by .14 percent at 32.85 according to electronic pricing. Camillo
Zucari
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