Contract gold and silver started the week off well as they closed the day with
gains. Gold and silver finished in positive territory. April contract gold
finished the day higher by 10.30 at $1426.40 an ounce. May contract silver
finished the day higher by .94 at $36.00 an ounce. May Copper finished with a
negative floor price that was lower by .053 at $4.29 per pound. Gold and silver
contracts continued to move higher on Tuesday. The major indices turned red this
day and investors positioned more with gold and silver. April contract gold
ended the day higher by $1.20 at $1427.60 an ounce. May contract silver ended
the session with a floor price higher by .27 at $36.27 an ounce. May contract
copper moved higher by .027 at $4.31 per pound. Wednesday was a positive day for
April contract gold and May contract silver as well. Precious metals gold and
silver ended the session higher again. April contract gold ended the session
higher by .73 percent at 1438 an ounce. May contract silver ended the session
higher by 2.56 percent at $37.20 an ounce. May copper ended in the green by 2.68
percent at $4.43 per pound. Precious metals began to fall Thursday and the end
of day results revealed losses for all but silver contract. As of close,
contract gold, platinum and copper were posting trends in the red. April gold
contract ended the session lower by .22 percent with a posted floor price of
$1434.90 an ounce. May contract silver ended the session higher by .48 percent
at 37.38 an ounce. May contract copper ended the session in the red by .09
percent at $4.42 per pound. The negative trending for precious metal contracts
continued through the last trading session of the week in the U.S. April
contract gold closed the last trading session in the red by .61 percent at
$1426.20 an ounce. May contract silver finished lower by .87 percent at $37.05
an ounce. May contract Copper moved lower by .12 percent and finished the
session at $4.42 an ounce. Author: Camillo Zucari
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