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Recent close values for Gold, Silver, and Platinum were in the red. A majority of precious metal commodities fell lower during the last trading session in the United States as investors turned their attention away from safe haven asset investing and towards stronger anticipated earnings reports this week. Gold for February delivery recently fell into the red by 26.50 with a last floor trade of $1,360.50 an ounce for February contract delivery. Silver fell by .943 and dropped to a floor price of $28.32 an ounce for March delivery. Platinum dropped by 5.20 to a floor price of $1,816 an ounce for April delivery. Copper moved higher by .035 and ended with a floor price of $4.41 per pound for March delivery. The one month change for Gold is negative by 1.45% but for the year overall it is positive by 20.07%. The one month change for Silver is negative by 2.93% but positive by a staggering 51.69 percent for the year change. Platinum’s one month change is in the green by 6.03% and the one year change is positive by 11.89% overall. Copper has been moving forward consistently as well. Copper’s one month change is in the green by 5.03% and for its one year change, it is positive by 28.27%. Many analysts believe that the growing demand stemming from India and China will continue to place upward pressure on the price of precious metals like gold and that values will continue to bump higher in 2011. Author: Camillo Zucari
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