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dow2664 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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