Gold and silver prices continued negative trending today. Stock futures posted
red this morning prior to opening bell and stocks continued to struggle through
the majority of the trading session today. At the mid-day mark, the major
indices in the U.S. were trending in negative territory and precious metal gold
was lower as well. The dollar was on the rise versus the British pound today but
was fell lower versus the euro and the Japanese yen. At the halfway point of
todays trading session; gold, silver, platinum, and copper were all posting
negative values. June contract gold was lower at this point by 1.10 percent at
1452 per troy ounce. May silver was lower by 1.88 percent at 39.85 per troy
ounce. By the end of the open trading session today, the major stock index
composites remained in the red. Alcoa weighed down the Dow and a significant
drop in oil prices initiated an energy sector sell-off. Precious metal
commodities closed red across the majority of the tracking board. June contract
gold went lower by 14.50 to finish the day at 1453.60 an ounce. May contract
silver moved lower by .55 to finish the day at 40.70 an ounce. July Platinum
moved into the red by 18.50 and finished the day at 1774.30 an ounce. May
contract Copper moved lower by .076 to end the session today at 4.38 a pound.
Author: Camillo Zucari
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