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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 today’s 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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