Gold and silver price trend-lines have struggled this week. Both contracts
finished the last session in the red. Gold price per ounce closed the last
session lower by 76.20 at 1586.90 per troy ounce. Silver price per ounce closed
lower last session by 2.33 at 28.94 per troy ounce. The volatile euro continued
to weaken last session and the strength of the dollar grew. This action
pressured precious metal gold and silver acquisition. Yesterdays close for gold
plummeted to the lowest close price since July. Gold futures touched the
intra-day low of 1565.70 before settling at 1586.90 per troy ounce. Prior to
opening bell this morning, spot gold price per gram and spot silver price per
ounce trend-lines were both moving positively however. Futures for the primary
stock indices were green across the board as well. As the trading session
reached the mid-day mark, gold and silver contract prices were lower. Contract
gold for February delivery was red by .88 percent at an electronic price of 1573
per troy ounce. Silver contract for March delivery was red by .52 percent at
28.78 per troy ounce. Spot gold price per gram was lower by .33 at 50.61 but
spot silver price per ounce was higher by .26 at 29.14 at mid-day. Camillo
Zucari
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