Primary indices moved higher during the closing session of U.S. trading last week. A majority of European leaders came to an agreement on a debt crisis plan and indices responded in a favorable manner. Optimism is high as a result.
Primary stock indices pushed higher, as did closing numbers for contract gold and contract silver price. The Dow Jones Industrial Average finished the last trading session higher by 186.56 points to close at 12,184.26. Final posting floor price for contract gold came in higher by .02 percent at 1716.80 per troy ounce. Final closing numbers for contract silver were green with a floor price up by 2.27 percent at 32.25 per troy ounce. Although the European debt drama is far from over, investors felt a wave of optimism and confidence after a contingent of European leaders took a step towards fixing the unstable economic structure of the eurozone economic union. Indices rallied, but some investors don’t expect the rally to run long. The idea of the “fix” is stimulating, but the tangible product is another story. Since the announcement, spot gold price trends have moved lower. After last session close, spot gold price per gram trend-line movement, and spot silver price per ounce trend-line movement, were divergent. Spot gold price per gram was lower by .09 at 55.00. Spot silver price per ounce was green by .63 at 32.16.
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