Gold Price Close Review, Weeks review, TYD change analysis: Gold contract
finished the last trading session of this week on the negative side of
break-even. April contract gold closed in the red by 3.70 and posted a last
trade floor price at 1655.80 per troy ounce. The dollar gained on the euro
during the session and this action, once again, pressured precious metal
positions. For the week overall, gold price finished negative by approximately
3.25 percent. Just one week prior, gold contract closed out with a floor price
at 1711.50 per troy ounce. Although gold price trend-line moved negatively over
the course of the most recent five days of trading, gold price trend-line is
still moving positively according to year to date change analysis. YTD change is
currently positive by approximately 5.68 percent. Gold Mining stock Review
Today: Investors are interested to observe that while gold prices are currently
trending lower, especially considering some of the highs that were observed in
the fall of 2011, gold stocks are hitting 52 week lows and could be considered
bargains. According to google finance, goldcorp Inc. (GG) finished the last
trading session lower by .88 percent and posted a last trade close price of
44.09. Camillo Zucari
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