Gold price and Silver Price Precious metal Market News Review Today December 3, 2012:
Gold price trend-line sank lower overall through the course of the last five trading sessions and finished the week negative overall.
Gold price trends have been up and down over the last several weeks which has left price trend-line for gold at approximate break-even according to current one month price change review.
On the last full trading session, gold price was flat, and silver price trend-line finished the session on the negative side of break-even. March Contract silver price closed lower by 3.35 percent at 33.28 per troy ounce. February contract gold closed the last session generally flat at 1,712.70 per troy ounce.
Gold is still in recovery mode after last Wednesday’s 1.3 percent sell off.
Although precious metal gold and silver price trends were weak on the last trading session of last week, precious metals are still expected to attract attention. The market volatility linked with the approaching end of year fiscal cliff should continue to push traders toward precious metal safe havens.
Spot gold per gram and spot silver per ounce price review today:
After last session close and prior to today’s opening bell, spot gold and spot silver price trend-lines were moving higher. Spot gold per gram price posted at 55.28 and spot silver price per ounce was tracking higher at 33.69.