Gold Price per ounce , as well as Silver price per ounce , are trending in a
positive direction over the course of the last year. Both precious metals have a
positive price trend-line according to one year change analysis at this point in
time. Recently though, both precious metals have experienced choppy trends and
have struggled to maintain a positive price trend-line slope. Although contract
gold and contract silver closed the last full trading session in the green, one
month change analysis for both precious metals is red. Prior to opening bell for
trading today in the U.S., both spot gold price per gram and spot silver price
per ounce were trending in negative territory. Indicators have been inconsistent
due, in part, to the turmoil relevant to the European debt saga. Even though a
contingent of European leaders announced a plan of fiscal compact last Friday,
the crisis is far from over in the eurozone. Day to day headlines continue to
induce short term reactions in the marketplace. Gold and silver acquisition
trends have fluctuated as a result. Today, as the trading session reached the
mid-day mark, contract gold and contract silver prices were posting red.
Contract gold for March delivery is posting red by 2.90 percent at 1667 per troy
ounce. Contract Silver is posting red by 2.95 percent at an electronic price of
31.30 per troy ounce. Mid-day marks for spot gold price per gram and spot silver
price per ounce were negative. Spot gold price per gram was lower by 1.74 at
53.45 and spot silver price per ounce was lower by 1.18 at 31.07. Camillo Zucari
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