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dow2664 Gold Silver Market News: The dollar rose once again during the last trading session versus a basket of other currencies. The dollar gained strength versus the euro and this action continued to pressure precious metal gold positioning. No clear end of the eurozone debt crisis is in sight and pressures stemming from the crisis should continue to affect market trends. Market volatility will continue to keep investors guessing. Gold and silver both finished red last session Gold Silver Price Close: Gold contract for February delivery closed the last trading session on the negative side of break-even by .20 percent at 1616.80 per troy ounce. Gold price trend-line has sloped negatively over the course of the last several weeks. One month change for gold price trend-line is negative by about 6.19 percent at this point in time. Silver contract for March delivery closed out in the red by 2.09 percent at 28.68 per troy ounce. Silver price trend-line has been negative over the course of the last several weeks. One month change analysis for silver is negative by 11.29 percent at this point in time. Gold Silver Index: The Philadelphia gold and silver index XAU dropped back again last session by about .8 percent to 187.47. Goldcorp GG fell back by 2.0 percent last session as well. Camillo Zucari
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