Trend-line movement for spot gold price per gram and spot silver per gram price
was positive prior to todays opening bell for trading in the U.S. today. Spot
gold was higher by .17 and spot silver was higher by .39. Both precious metal
price trend-lines moved higher along with the primary stock indicators today.
European leaders announced earlier today that a deal had been struck between
seventeen of the countries sharing the euro. Measures would be taken to support
the euro and economy . This plan could be ready for complete implementation near
March. Investors felt a boost of confidence due to this report and trend-lines
sloped positively. This was in contrast to the major liquidation process
observed earlier in the trading week. The sell-off in gold earlier this week
stemmed from the comments made by European Central Bank President Mario Draghi.
Draghi initially implied that the European economy was moving towards more
negativity, but has since backed off of those comments. The agreement that
posted, via the European Leader summit, has pushed trends in a more positive
direction. As the trading session reached the mid-day mark today, stock indices
were climbing and contract gold and contract silver prices were pushing higher
as well. Contract gold for February delivery was higher by .43 percent at
1720.70 per troy ounce according to electronic price posting at mid-day. Silver
contract was higher by 2.46 percent at 32.32 per troy ounce according to
electronic price post. Spot gold was about break-even at this point and post
silver price per ounce was higher by .52 at 32.05. Camillo Zucari
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