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dow2664 Contract gold and silver prices surged higher to open this trading week and both finished in the green at close on Monday. Spot gold and spot silver prices moved in positive territory during the interval between yesterday’s session close and today’s session open in the U.S. The momentum did not help trending early on in today’s trading session as gold struggled and remained relatively flat, but all that changed by the end of day close. Gold trends remained flat through the first half of the trading session this morning. Investors backed off after yesterday’s gold prices set intraday records. This happened due, in part, to the Standard and Poor’s rating data that posted a reduced outlook for the economy. It lowered its rating from stable to negative. Stocks were mixed at the mid-day mark of the trading session today and the dollar had fallen versus the euro and the British pound. Tracking at this point for June contract gold revealed a negative percent change of .07 with a listed floor price of 1491.80 per troy ounce. End of day close values for the major stock indices in the U.S. were in the green. The Dow Jones Industrial Average finished the day higher by .44 percent at 12,254.76. Precious metal gold reached over the 1500 mark for the first time before retreating back below that mark to end the day. June contract gold ended the day higher by .15 percent at 1495.10 an ounce. May contract silver ended the session higher by 2.23 percent at 43.91 an ounce. Spot gold and spot silver prices moved higher after session close for the day. Spot gold per gram was posting higher by .12 at 48.09 and spot silver per ounce was posting higher by 1.04 at 44.00. Author: Camillo Zucari
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