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The weeks of consecutive index losses are adding up and the climate is primed for precious metal safe haven appeal. The last week in the U.S. ended with the shockingly bad jobs report and investors continued to turn from riskier stock options and move towards perceived safe havens like Treasuries and precious metal gold.

After last session close, spot gold and spot silver prices were moving higher. These trends were observed just after gold and silver contracts ended the last session mixed. Silver contract had closed last week out in the red. The dollar closed weaker versus a handful of other currencies. Market analysts are not hitting the economic panic button yet for stocks but sustained recovery for the U.S. economy is currently on shaky ground. The weaker economy overall, along with the weaker dollar, are helping to lift gold off of the ground again. Bullion moved higher again as stocks dropped lower.

Another factor playing a part in the positioning of investor funds is the soon-to-be-expired QE2. The financial support is set to expire at the end of this month and anticipation of this financial support loss is keeping safe haven appeal aloft. Gold has benefited from these home based factors but has also benefited from overseas worries that Greece related debt default potentials. Spot gold price per gram was posting higher recently by .31 at 49.57. Spot gold price per kilo was posting higher as well recently by 311.54 at 49566.48.........read more