Gold was in the midst of a sell-off earlier in the trading week. This came as
investors moved towards liquidation after the European Central Bank president
made negatively skewed comments about the eurozone economy and the stability of
the euro. He has since back away from these comments while a contingent of
European leaders emerged from the European summit that took place Thursday and
Friday to announce that they had come to an agreement to further support the
stabilization of the euro and revitalize the eurozone economy. Price trend-lines
for both precious metal gold and silver pushed higher after news from the
European leaders spread. Final close numbers for gold and silver contracts
closed the last session in the green. Contract gold for February delivery was
higher by .20 percent at 1716.80 per troy ounce. Silver contract for March
delivery was green by 2.27 percent at 32.25 per troy ounce. Spot gold price per
gram and spot silver price per ounce trend-lines moved in divergent directions
after last session close. Spot gold price per gram was red by .09 at 55.00 and
spot silver price per ounce was green by .63 at 32.16. Camillo Zucari
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