Gold Price Silver Price News: Precious metal price trend-lines dipped during
the opening trading sessions of 2012. Gold and silver stock shares traded lower
during the last trading session of this past week as the dollar grew in
strength. The volatility caused by the ongoing eurozone debt crisis is
pressuring the gold and silver marketplace right now. The euro fell weaker once
again to the U.S. dollar and made positioning with precious metal gold and
silver less attractive. Gold and silver ultimately ended the last week in the
red. Sell offs during the last session stemmed primarily from the advancements
the U.S. dollar made. On the last trading session of the past week, the dollar
hit a relative high for the year. The dollar reached marks last trading session
not seen in over a year. The ongoing eurozone sovereign debt crisis is the main
culprit and no end in the debt crisis is currently in sight. Gold and silver
positions will continue to be pressured. Gold and silver prices: Gold and silver
contracts both finished the last session in the red. Gold contract closed lower
by 4.80 at 1617.40 per troy ounce according to electronic price posting. Silver
contract closed lower by .613 at 28.68 per troy ounce Spot gold per gram and
spot silver per ounce were both tracking negatively. Spot gold per gram was
lower by .12 at 51.96 and spot silver per ounce was red by .58 at 28.72. Camillo
Zucari
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