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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 today’s 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 today’s 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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