Market Review: The U.S. stock market rallied into the new year. Manufacturing
data overseas and here at home in the U.S. was better than expected. This news,
paired with little negativity stemming from the debt crisis in the eurozone,
helped the new year begin with a positive push. The dollar did fall versus a
basket of other global currencies during the session and this action helped to
promote precious metal acquisitions during the opening session. Gold and silver
price trends benefited as a result. Gold Silver Close Price Review: Gold and
silver contracts closed green across the board. February contract gold closed
green by 2.15 percent by posting a closing floor price of 1600.50 per troy
ounce. Although the first trading session of the new year closed positively for
gold price, one month change analysis is still negative for gold price
trend-line by about 7 percent. March contract silver finished the last trading
session higher by 5.94 percent by posting a closing floor price at 29.57 per
troy ounce. Silver too is negative according to one month change analysis.
Silver price trend-line is negative over this course of time by by approximately
7.5 percent. Spot gold price per gram spot silver price per ounce: After last
session close and prior to todays opening bell, spot gold price per gram and
spot silver price per ounce were tracking on positive ground. Spot gold price
per gram was higher by 1.15 at 51.52, and spot silver price per ounce was higher
by 1.57 at 29.49. Camillo Zucari
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