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Investor anxieties were on the rise this week and price per ounce for contract gold and silver followed higher. Relative higher were reached for gold price per ounce yesterday and after hours spot gold and spot silver prices continued to trend in positive territory. Today, the world markets are attempting to process the most recent developments in Japan. Another earthquake struck Japan today registering 7.1 and prompted further tsunami warnings. Major stock index composites plummeted as word spread of this news. Precious metals maintained safe haven appeal. Gold futures were on the rise today and the dollar was rising versus the euro and the British pound. At mid-day of today's trading session, June contract gold was higher by .23 percent or 3.30 at $1461.80 per troy ounce. As news spread of the earthquake and stock index composites fell lower, investors repositioned money with safe haven metals. By end of day close, the major indices in the U.S. were trending in the red and precious metals like gold, silver and copper were posting floor prices in the green just prior to closing bell. Contract gold for June delivery was posting green by .05 percent at $1459.30 per troy ounce. May contract silver was green by .42 percent with a posted floor price of $39.55 a troy ounce. May contract silver was green with a floor price higher by 1.06 percent at $4.42 per pound. Author: Camillo Zucari
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