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Todays Spot Gold Price per gram; Spot silver price per ounce Mid-Day 20/12/2011

current trends in the world of learning

Todays Gold Price per ounce Spot Gold Price per gram; Silver price per ounce Spot silver price per ounce Mid-Day Today

Gold futures dropped lower again throughout the opening trading session of this week. Trade volume is lower, and it should remain lower, throughout the remainder of the holiday season. The lower trade volume makes the market a more susceptible place for spin, whether it is positive or negative.

The trading environment remains skewed negative right now and the eurozone debt crisis is a focal point. As a result, the euro remains volatile and susceptible to weakness. The dollar gained strength again last session versus the euro and other major global currencies, and this action pressured gold and silver acquisitions. Both contract gold and contract silver prices finished the opening trading session in the red as a result. Gold price is now wallowing around the 1600 price per ounce mark, a far cry from marks hit just several months back which were over 1900 per ounce. This drop represents the most significant drop for gold price in the last several years. Sentiment is at a relative low for the precious yellow metal. Both contract gold and silver price trend-lines are negative according to one month change analysis. As the trading session reached the mid-day mark today, gold contract for February delivery was posting in the green. Contract gold price was higher by 1.46 percent at 1620 per troy ounce at this point. Silver contract for March delivery was posting higher by 1.30 percent at 29.25 per troy ounce. Spot gold price per gram was green by .53 at 51.86 and spot silver price per ounce was green by .51 at 29.38.

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