Tuesday, April 5, 2011

Gold and Silver Prices Rise; June Contract gold Price May Contract Silver Price Copper Per Pound Rates; News April 5th, 2011 Close

Gold and silver prices finished higher as of last session close yesterday. The
precious metal price trends were green for gold, silver, and platinum. Trending
moved higher for the Dow Jones as well but the dollar fell to the euro
yesterday. Spot gold and spot silver price per ounce/gram trending continued in
positive territory during the interval between last session close and this
mornings session open. Today, the major market indices struggled from
mid-morning on and the dollar ultimately fell lower to the euro. As of the
mid-day analysis, gold price was gaining. Gold and silver trending overall this
day did not start off as consistent as the trends observed yesterday. Gold
futures for June delivery were rising at the halfway point though. By end of day
close, the major market indices had dropped into the red and precious metal
tracking revealed positive trending. Gold, silver, Platinum and copper ended the
session with floor price values in the green. Gold for June delivery ended the
session higher by 1.36 percent and finished the day at a price of $1452.50 per
troy ounce. May contract silver ended the session higher by 1.79 percent at
$39.18 a troy ounce. July Platinum finished higher by .55 percent and ended the
day at $1796.80 per troy ounce. May contract copper finished higher by .22
percent at $4.26 per pound. Author: Camillo Zucari

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