Gold close last week ended in the red. April contract gold had fallen negative
to close the last trading session of the week as it dropped off by .30 percent
and finished at $1,349 per troy ounce. Silver and Copper contracts both ended
the last trading session in green territory. Silver for March delivery moved
higher by 1.15 percent and last floor price trade was at $29.06 per troy ounce.
Copper contract for March delivery moved positively as well and went higher by
.77 percent for the day by finishing off the session at $4.58 a pound. Market
tracking for Gold values over the past month reveals a negative trend. The one
month change for Gold contract value is negative by 1.55 percent but bottomed
out in late January and despite its previous close, appears to be tracking
higher once again. Tracking from a broader perspective over the past year is
more positive for gold pricing. The one year change is positive by a significant
26.74 percent. Silver is somewhat similar in its trend line tracking. Silver
values had fallen off through January but made a significant rebound during the
last third of the month and have been tracking in positive territory since that
mark. The one month change for Silver is positive by .90 percent. The broader
perspective of one year reveals a positive change for Silver values by 93.93
percent. Copper has been tracking positively for its one month change as well as
its one year change. Copper contract value is positive by 6.96 percent for the
one month change and 58.57 percent for the one year change. Author: Camillo
Zucari
No comments:
Post a Comment