Gold price and silver price Precious metal trend-line review today November 2, 2012:
The U.S. financial markets have been open for business two consecutive days now and last session’s close was much improved. Economic data via the manufacturing and private sector job reports was positively skewed.
The market index composites rallied due, in part, to the better than expected ADP data. Consumer confidence shot higher and investor confidence was up ahead of the monthly jobs report. The U.S. dollar grew stronger versus a handful of other global currencies and dollar price fell lower.
Ultimately, as of end of day close last trading session, gold and silver prices finished on the negative side of break-even.
Today’s Contract Gold and Silver close price review:
December contract gold price dropped lower last session by .21 percent to close the day at 1,715.50 per troy ounce. December contract silver finished the last session lower by .21 percent to close at 32.25 per troy ounce.
Today’s Spot gold per gram and spot silver per ounce price trend review today November 2, 2012:
After last session close and prior to today’s opening bell, price trends for spot gold and spot silver were tracking lower. Spot gold per gram was lower at 55.15 and spot silver per ounce was lower at 32.26.