Positive trends were observed during the last trading session. Fears regarding
the eurozone appear to have diminished and positive economic data in the U.S. is
boosting investor confidence as well. Stock indices moved higher across the
board last week and precious metal gold and silver prices followed. Gold and
silver contracts spent the majority of the last session trending in positive
territory and closed the last trading session of the week in the green. Gold
prices jumped higher after the U.S. jobs news spread. The U.S. economy added
120,000 jobs in November and the national unemployment rate dropped from 9
percent to 8.6 percent. This was significantly better than what most economists
were anticipating. Gold was higher prior to the report and moved further up the
ladder after the report. According to close floor price, contract gold for
February delivery moved higher by .66 percent at 1751.30 per troy ounce. Silver
contract for March delivery fell lower last session by .22 percent to 32.69 per
troy ounce. After last session close, spot gold price per gram and spot silver
price per ounce moved in opposite directions. Spot gold price per gram was green
by .23 at 56.03 and spot silver price per ounce was red by .13 at 32.56. Camillo
Zucari
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