Positive economic reports posted yesterday and the major stock indices in the
U.S. moved higher. Price of oil per barely lowered and the dollar strengthened
versus a handful of other currencies. In addition to this and somewhat
surprisingly, floor prices for the majority of precious metal contracts posted
in the green as of last session close. April contract gold finished higher as
investors moved to purchase what they could while the prices were still right
due to the lower trending the day prior. As of mid-day of today's trading
session, Precious metal gold was on the rise. The major index composites were
trending in positive territory but the dollar was losing ground. Oil price per
barrel was on the rise again as well. Precious metals gold and silver were
trending in the green as of mid-day listed floor prices. At the halfway point,
April gold was higher by .54 percent and May Silver was higher by 1.42 percent.
By end of day close, the precious metal tracking board revealed that precious
metal floor prices were trending in positive territory across the majority of
the metal tracking board. Approaching close, April gold was higher by 1.06
percent at $1438.90. May silver posted a floor price higher by 1.01 percent at
$37.89 per ounce. July Platinum was higher with a floor price of $1783.20 a troy
ounce. May copper was higher by .78 percent at $4.31 per pound. Author: Camillo
Zucari
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