During the trading session today, the dollar was falling to the euro, the
British pound and the Japanese yen. Gold and silver price often run inversely to
the dollar's trending and this was observed during the trading session this
day. Gold and Silver price per ounce rates were on the rise as the positive
trending continued for these precious metals during the second day of open
trading in the United States. Market index composites however continued the
negative trending as the negative momentum from Tuesday's massive stock
sell-off carried over to today's trading session. As is often the case when
index composites track lower, safe have appeal grows. Contract gold and contract
silver traded in the green and as of mid-day market tracking, posted higher
values. Gold was higher by .90 percent at this point and silver was higher by
approximately 2.5 percent. Gold and silver moved higher today as the strength of
the dollar dropped lower and the political unrest and violence perpetuated in
the Middle Eastern regions of our world. Investors sought out safe haven
investments today. End of day close values for market composites posted in the
red. Contract gold price per ounce moved higher by .92 percent to end the days
trading session at $1,414.00 per ounce. March contract Silver finished with a
higher floor price by 1.33 percent. End of day close for contract silver was
$33.30 an ounce. March contract copper finished the day lower by 1.64 percent at
$4.28 a pound. Author: Camillo Zucari
No comments:
Post a Comment