Gold and Silver Price trend Stock Market Analysis News

Gold and Silver Price trend Stock Market Analysis News june 27 2011 ; Gold and silver price per ounce rates have not been as positive as many analysts anticipated. Traders are looking for the safe haven appeal to increase for precious metal gold and silver. The current economic climate is set to provide positive positioning for gold and silver prices but the recent drop in the euro is counteractive. Gold and Silver contracts closed out in the red during the last trading session in the U.S.

If the euro moves higher this week, the negative trends observed in the stock market will push many investors towards the safe havens. The major indices in the U.S ended the last open trading session red across the board. The Dow Jones finished at 11,934.58, the S&P 500 ended the session at 1,268.45 and the Nasdaq closed out at 2,652.89. The Dow and S&P 500 finished off the last week overall in negative territory once again.

The Dow Jones Industrial Average fell lower last week by .6 percent. It has also closed out the last three sessions in the red. Analysis of this week’s economic schedule reveals little that could turn the tide of negative momentum that has built over recent weeks. Safe haven appeal for gold and silver could rise in this climate.

Prior to opening bell for today, spot gold and spot silver prices continued to move in negative territory. Spot gold price per kilo was lower by 607.65 at 48,267.92. Spot gold price per gram was lower by .61 at 48.27. Spot silver price per ounce was lower by .96 at 34.04 and spot silver price per kilo was lower by 30.97 at 1094.37. For the latest updates PRESS CTR + D or visit Stock Market news Today

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