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dow2664 Gold Price and Silver Price Market News Week Ended Feb. 10 2012: The U.S. dollar rallied during the last week of trading while the euro was pressured by the ongoing debt resolution struggles ongoing in the eurozone. Concerns grew regarding Greece as many felt that leading officials would be unable to compromise on austerity measures. This action pressured the euro and the dollar gained strength. Gold price dropped lower in significant fashion as world stock and commodity markets fell back. Precious metals gold and silver were pressured in this environment and price trend-lines for both metals dropped lower during the last week of trading. Precious metal gold dropped lower for the week ended Feb. 10 by approximately .9 percent. Contract gold for April delivery finished the last session on the 10 lower by approximately $15.90 to close the week at 1725.30 per troy ounce. Silver price trend-lines moved negatively over the course of the last week overall as well. March contract silver finished Feb. 10 lower by .9 percent and closed the day at $33.60 per troy ounce. Silver price trend-line sloped negatively over the course of the week as a whole by approximately .4 percent. The week was a loser for precious metal gold and silver and the losses mounted for a second consecutive week. Gold and silver posted back to back weekly losses. Gold price and silver price one month change analysis, one year price trend-line change analysis current: Although gold and silver dropped lower for the last session and week overall, both metals post price-line trends at this point which are positive over the course of the past month and year. According to one month change analysis, gold price trend-line is positive by approximately 4.8 percent at this point and gold price trend-line change over the course of the year is positive by approximately 26.8 percent at this point. Silver price trends are positive during this time frame as well. According to one month change analysis for silver, price trend-line slope is positive for the silver metal by approximately 11.6 percent. Price trend-line analysis for silver slopes positively over the course of the year right now by approximately 10.5 percent. Although gold and silver have posted weak trends over the last two weeks, many investors still feel bullish due to the perceived fragility in the global economic environment. Investors will diversify away from the dollar and flat based currency investments and this action will often support precious metal gains overall. The positive one month and one year price trend-line change for precious metal gold and silver represents this mode of thought sufficiently. Gold and silver remain in the green when viewed from this broad perspective. Camillo Zucari
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