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Gold and silver price trend review today June 23, 2012:
The dollar fell weaker to the euro and the British pound during the last trading session and the inverse relationship between the dollar and gold price presented initially. Gold pushed higher throughout the initial half of the last trading session as investors moved to diversify against the weakening dollar.
Thursday marked one of the worst days for the price of gold this year and corrections for gold price trend-line were expected. Although gold showed signs of a moderate correction early, both gold and silver price trend-lines ultimately dropped back. Gold finished just above break-even and silver price closed the last session of the week in negative territory.
Gold and silver contract price close review today June 23, 2012:
Contract gold price for August delivery closed at a floor price of 1,566.90 per troy ounce. July contract silver price tracked lower by .66 percent last session and finished the day at a floor price of 26.66 per troy ounce.
Spot gold price per gram and spot silver price per ounce trend review today:
After last session close, spot gold and spot silver price trends tracked higher. Spot gold per gram price posted at 50.51 and spot silver price posted higher at 26.85.
Camillo Zucari
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