Gold hits record today. Money positioned with contract gold today and many
positioned with the precious metal to invest and profit. Precious metals gold
and silver price per ounce rates both moved higher during the last trading
session of the week as the dollar sunk lower versus other currencies.
Specifically, the dollar fell versus the euro, the British pound and the
Japanese yen. Gold trends spiked higher as investors chose to invest in the safe
haven metal while the dollar was posting weak. Stocks pushed higher during this
trading day however and the Dow Jones Industrial Average moved green to close by
over 60 points. Stocks notched higher on the strength of positive earning
reports. Gold and Silver contract rates both moved higher in the economic
environment. June contract gold posted an end of day electronic contract price
positive by 1.16 percent at 1549. May contract silver posted an end of day
electronic contract price positive by 1.89 percent at 48.42 per troy ounce. Spot
gold price per kilo and gram were posting green at sessions end today as were
spot silver price per kilo and ounce rates. Specifically, spot silver price per
kilo was green by 11.48 at 1539.28 and spot silver price per ounce was higher by
.36 at 47.88. Spot gold price per gram was green by .97 at 50.19 and spot gold
per kilo was higher by 974.81 at 50191.17. Author: Camillo Zucari
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