Gold and silver prices moved higher this week, especially as the second half of
the week played out. Contract gold and silver closed in positive territory last
session and spot gold and spot silver were trending green prior to opening bell
this morning. At the halfway point of todays trading session, the major stock
market index composites posted positive values. Investors were still processing
weaker than expected earnings reports from Google and Bank of America and
concerns persist relevant to rising inflation and interest rates. The dollar
fell to the Japanese yen and the British pound today and stocks ultimately
rallied higher as the day progressed. At the mid-way point of todays trading
session gold and silver prices were still trending in positive territory. By end
of day close, the major index composites in the United States recovered and they
finished the day off in the green. The Dow Jones Industrials finished the day
higher by .46 percent at 12,342.21. Gold and silver contract finished the day
higher as well. June contract gold finished the day higher by 13.60 to close at
$1486. May contract silver finished the day higher by .907 to close at $42.57 a
troy ounce. May contract copper finished the day lower by .027 at $4.26 per
pound. Author: Camillo Zucari
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