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Precious metals gold and silver prices have been trending higher and record levels were observed last week for both gold and silver. Spot gold and spot silver prices continued to trend green this morning prior to opening bell as investors openly debated if gold and silver values could continue their climb upward. They did. Gold price per ounce broke the 1500 per ounce mark last week to close and many were skeptical that the rising trends would continue. As opening bell came and went in the U.S., stocks fell through the first half of the trading session. The three major index composites in the U.S. were red at the halfway point. The Dow Jones Industrial Average was negative by .28 percent. Gold futures for June delivery were on the rise at this point and silver futures for May delivery were moving higher as well. The dollar had fallen versus the euro and the British pound. Up to this point in the day’s trading session, gold and silver trending moved upward with little obstruction. The economic climate continued to support gold and silver trade. The Dow Jones Industrial Average finished the day lower by .21 percent. June contract gold continued its hot streak. It finished above the 1500 price per ounce mark once again today. Contract gold for June delivery finished in the green by .35 percent at 1509.10 an ounce. May contract silver finished the session in the green by 2.37 percent at 47.15 an ounce. Spot gold per gram was higher by .09 at 48.42 and spot gold per kilo was higher by 85.20 at 48420.63. Spot silver per kilo was higher by 22.02 at 1502.85. Author: Camillo Zucari
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