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The dollar fell versus the euro during yesterday’s trading session and precious metal gold and silver prices moved higher. It was an up and down week in the market with index composites and precious metal rates drifting on either side of break even but ultimately closing the last session of the week in the green. Gold futures for April delivery rose higher yesterday by $11.90 or .8 percent to finished the day at 1416.10 per ounce. After hours trending revealed the spot gold and spot silver prices were moving in a positive direction. Gold and silver prices continue to trend in a positive direction this morning. Spot silver per kilo is moving higher by 32.05 at 1133.54 and spot silver per ounce is higher by 1.00 at 35.26. Spot gold per gram is higher by .45 at 45.59 and spot gold per kilo is higher by 451.40 at 45591.04. The average price range of the American Gold Eagle Bullion Coins is posting between 1460.58 through 1532.84. The Canadian Gold Maple is posting an average range of 1463.30 through 1532.84. Safe haven assets are likely to move in a positive direction over the weekend and into the beginning of the upcoming trading week. Political unrest and violence in Libya will push anxieties higher and investors will gravitate more towards the safe haven appeal of precious metals. Author: Camillo Zucari
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