The Nasdaq, S&P 500 and Dow Jones Industrials all dropped lower on the day, but the heightened anxiety investors felt helped to boost the safe haven appeal of precious metal gold and silver. Gold and silver finished the last session with positive floor price per ounce rates. The dollar dropped weaker versus the euro and this helped to boost precious metal gold and silver buying as well. August contract gold finished the last session higher by .45 percent or 7.00 at 1553.40 per troy ounce. July contract silver finished the session higher by .99 percent or .36 to close the day at 36.74 per troy ounce. Recent analysis of the one month change for gold contract price reveals that gold is positive by 2.68 percent during this time frame. The same analysis for contract silver price reveals that silver price trends are positive by 4.64 percent during this time frame. Spot gold and spot silver prices were both trending in negative territory after session close but prior to today’s opening bell. Spot gold price per kilo and gram were trending red at this point and spot silver per kilo and ounce were red as well. Spot gold price per gram was negative by .02 at 49.69 and spot gold price per kilo was red by 15.43 at 49689.62. Spot silver price per ounce was negative by .23 at 36.15 and spot silver price per kilo was negative by 7.39 at 1162.22.

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