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 Spains 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
todays 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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