Spot gold and spot silver were moving in positive territory through the weekend
and into the first two trading days of the week. Contract silver and gold
finished the last open trading session in the United States in the green as safe
haven appeal continued to keep the precious metals aloft. The world market and
economic/political climate is also helping to support precious metal gold and
silver. Fighting in Libya continues and Gadhafi has promised a long hard battle.
Oil prices are inching higher again and inflation potentials are creeping back
into the minds of many investors now looking to diversify. In addition to this
news, index composite trending ended the last session in negative territory for
the first time after several days of positive trending for the major index
composites in the United States. These variables are helping to support price
per ounce, gram and kilo rates for precious metal gold and silver. After the
last open session trading in the U.S., spot gold and spot silver were continuing
to push into green territory. Spot silver per ounce was higher by .29 at 36.29.
Spot silver per kilo was higher by 9.23 at 1166.72. Spot gold per gram was
higher by .07 at 45.92 an spot gold per kilo was higher by 68.48 at 45921.88.
Author: Camillo Zucari
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