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dow2664 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 day’s 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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