Precious metal gold contract finished the last session with a floor price on
the negative side of break-even for the day. Contract silver closed out the last
session in the green according to end of day floor price. After last session
close and prior to todays opening bell, spot gold prices and spot silver prices
were moving through negative territory. Both gold and silver contract price
trends are running negative according to one month change analysis. Although
recent trending has been negatively sloped, the one year change analysis for
both precious metal gold and precious metal silver is positive. At this current
time, gold price is positive overall for the year by approximately 17.5 percent.
As todays trading session reached the mid-day mark, contract gold and contract
silver prices were following the primary stock indices lower. Contract silver
for March delivery was lower by 7.76 percent at an electronic price of 28.84 per
troy ounce. Gold contract for February delivery was lower by 5 percent at 1580
per troy ounce per electronic price at the mid-day point. Spot gold and spot
silver price trends were lower as well. Spot gold price per gram was red by 2.53
at 50.94 and spot silver price per ounce was pushing lower by 2.09 at 29.17 as
of the mid-day mark. Camillo Zucari
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