The world wide economic climate for gold and silver prices is positive right
now. Instability persists and has been pushing gold and silver price rates
higher. Precious metal gold and silver prices ended last week in the green and
are positioned well to being this week of trading. Negative pressure will still
weigh on investors and push index composites. A government shutdown remains a
possibility and will be on investors minds. The crisis in Japan will continue to
apply negative pressure to world markets. Rising crude price per barrel and
rising interest rates will continue to apply negative pressure in the current
economic environment. Gold and silver prices have been trending upward as a
result of these variables. June contract gold ended the last session on Friday
higher by 14.80 at 1474.10. May contract silver ended the last session higher by
2.67 percent at 40.61 price per troy ounce. Spot gold and spot silver prices
were trending green through the majority of the weekend, but then spot gold
dropped into the red just hours prior to opening bell for Mondays first open
trading session for the week. Prior to open trading for Monday, spot gold per
kilo was negative by 11.25 at 47359.66 and spot god per gram was red by .01 at
47.36. Spot silver per kilo was green by 27.01 at 1332.33 and spot silver per
ounce was green by .84 at 41.44. Author: Camillo Zucari
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