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dow2664 Market Review; Gold and Silver Market News Today: Gold Price and silver price trend-line movement were affected by the volatile marketplace last session. Market volatility was heightened last session as word spread that Standard and Poor was critically close to initiating downgrades for several eurozone countries. Investors’ anxieties shot higher and primary stock indices fell lower. The euro value dropped sharply as well. The eurozone and the euro are both unstable right now in the current global market environment. Specifically, the euro fell to a low not seen for the currency in over a year and a half. The dollar gained strength as a result and the inverse relationship between the dollar and precious metal gold was observed last session. Both precious metal gold gold price and precious metal silver price fell lower on the day. The S&P downgrades were made and 9 eurozone nations were affected. The primary stock indicators in the eurozone and U.S. finished the last session red across the board. Gold contract price per ounce close and Silver contract price per ounce close review: Gold contract for February delivery finished the last session lower by 1.03 percent at 1630.80 per troy ounce. Silver contract for March delivery finished the last session red by 2.0 percent at 29.52 per troy ounce. The price of gold and the price of silver suffered last session due, in part, to the devalued euro. Spot gold price per gram trends spot silver price per ounce trend review: After last session close, spot gold per gram and spot silver per ounce price trends were running negatively. Spot gold price per gram was negative by .29 at 52.69 and spot silver price per ounce was negative by .40 at 29.72. Camillo Zucari
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