Price of Gold Price of Silver Market News: The global marketplace was rattled
last session and the primary negativity stemmed via the eurozone downgrades.
Standard and Poor downgraded the credit rating of nine eurozone nations and this
action closed out the week on a sour note. The euro lost value in the midst of
the negativity and the dollar grew stronger. The reports of the European
sovereign debt downgrades triggered a broad-based sell off in the global
marketplace. Both gold and silver futures dropped off to close the week as a
result. Gold price per ounce close and Silver price per ounce close: Both gold
and silver contract price per ounce trend-lines sloped negatively over the
course of the last trading session as a whole. Gold contract for February
delivery closed lower by 1.19 percent at 1630.80 per troy ounce. Silver contract
for March delivery finished the session lower overall by 2 percent and posted a
close price of 29.52 at days end. Weekly results for precious metal gold and
silver: Gold futures posted a weekly gain of about .9 percent and silver futures
posted a weekly gain of approximately 2.7 percent. Camillo Zucari
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