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dow2664 Gold and silver price per ounce contract rates moved higher throughout the trading session in the United States. Precious metals were the popular money investment during the day as stock index composites ended the day in the red. Stocks dropped off earlier in the trading session yesterday after Standard and Poor’s less than desirable rating of the U.S. economy alarmed investors. The rating dropped from stable to negative and gave a more pessimistic outlook of economic growth than many were prepared to digest. This news continued to support investor choice and diversification. Investors positioned with precious gold and silver. As of end of day close in the U.S. on Monday, precious metal gold and silver prices per ounce were trending in positive territory. Contract gold for June delivery finished the session higher by 6.90 at 1492.90 an ounce. May contract silver finished the session higher by .385 at 42.96 per troy ounce. Gold and silver ultimately received a significant boost this day due, in part, to the Standard and Poor’s ‘poor’ rating. Gold’s one month change is currently positive by 5.61 percent and Silver’s one month change is currently positive by 21.94 percent. Wall Street was shocked by the economic ratings information yesterday and investors turned to the tangibly safe bet. Gold and silver were the popular choice. After last session close, spot gold and spot silver continued to trend in the green. Spot silver per ounce at this point was higher by .57 at 43.14 and spot silver per kilo was higher by 18.39 at 1386.92. Spot gold per gram was higher by .23 at 47.99 and spot gold per kilo was higher by 234.06 at 47987.56. Gold and silver prices continue to trend in the green. Author: Camillo Zucari
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