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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
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