Gold and Silver price trends over the course of the 2011 calendar year and into
2012: Although gold price trend-lines have stagnated recently, price trend-line
for precious metal gold has moved solidly through positive territory over the
course of the past year. The one year change for gold price trend-line is
positive by approximately 10.6 percent. on the flip side, silvers one year price
trend-line change is negative by about 10.7 percent at this point in time.
Global investors have conflicting views on the direction gold and silver price
trend-lines will take in the new year. Many believe in the safe haven appeal of
precious metals, especially in the safe haven appeal of gold, during times of
economic uncertainty. The eurozone debt crisis currently ongoing adds to golds
safe haven appeal in the global marketplace right now. Also, the potential for
further quantitative easing in the U.S. could ultimately affect the value of
commodities and currencies. A financial injection of support via the U.S.
government could help gold and silver prices climb the ladder in 2012 as well.
Recent Gold and Silver Contract Prices: The dollar rose against the euro to end
last week, but gold futures still added market value to close out the final
trading session of 2011. Gold closed on the positive side of break-even, as did
other primary precious metals such as silver. Gold contract for February
delivery finished the day stronger by 1.84 percent, positive 28.40, to close
with a floor price at 1566.80 per troy ounce. Silver contract for March delivery
finished the last session green by 1.97 percent, or positive .54, to close out
at 27.92 per troy ounce. Spot Gold price per gram Spot Silver price per ounce:
Recent analysis of spot gold and spot silver reveals positive marks for both.
Spot gold price per gram was green by .26 at 50.63 and spot silver price per
ounce was higher by .43 at 28.34. Camillo Zucari
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