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dow2664 Gold price Silver Price Market News Today: Investors gained confidence in Europe during the last trading session. The dollar fell versus the euro and other global currencies and gold and silver contract prices moved in a positive direction. Europe experienced some good news this week as investors were happy to observe the positive turnout for Italy and Spain’s first debt auction. The demand was there and this action helped to subdue the anxieties relevant to the eurozone debt crisis for now. The primary stock composites in the U.S. finished green across the board, after initially showing signs of dropping lower. Ultimately, the euro lifted and the dollar cooled. The inverse relationship between the dollar and precious metal gold presented. Gold and silver contracts both finished the last trading session on the positive side of break-even. Gold price per ounce and silver price per ounce close review: Contract gold for February delivery finished the last trading session higher by .49 percent and posted a floor price close at 1647.70 per troy ounce. One month change status for precious metal gold is just negative at this point in time. Contract silver for March delivery finished the last trading session higher by .78 percent and posted a final floor price at 30.12 per troy ounce. One month change status for precious metal silver is negative by about 3.7 percent at this point in time. Spot gold and spot silver price trends: After last session close and prior to today’s session open, spot gold price per gram was higher by .10 at 52.82. Spot silver price per ounce trends were running positively by about .23 percent at 30.12. Overall, price trend-line movement was positively sloped for gold and silver during the last trading session. Camillo Zucari
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