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The major market index composites ended the last trading session higher. The dollar fell lower to the euro and precious metals gold and silver were trading in the green. One day after the massive earthquake and resulting tsunami that devastated Japan, sectors such as metals and building materials are gaining. As of yesterday’s close, gold, silver, platinum and copper all ended in positive territory. April Gold was higher by 9.80. May Silver was higher by .87. April Platinum was higher by 16.10 and May Copper was higher by .02. Even with the Dow Jones, S&P 500 and Nasdaq ending their respective session in the green on Friday, they were all lower for the week. Investors continue to worry about job creation here, but also over political unrest in Libya and Saudi Arabia. Nerves are still on edge regarding the price of light sweet crude as well. The price per barrel still remains above the 100 dollars per barrel mark which, for many, implies economic troubles to come. These variables are all helping to support precious metal prices, especially with popular safe haven assets like gold and silver. Current spot gold and spot silver prices are trending green. Spot silver per ounce is green by .78 at 35.84. Spot silver per kilo is green by 24.98 at 1152.31. Spot gold per kilo is higher by 152.07 at 45555.36 and spot gold per gram is higher by .15 at 45.56. Author: Camillo Zucari
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