Safe haven metals are receiving a boost in the market place right now. Stocks
are struggling and the recent world developments are causing investor
apprehensions to increase and spread. Unpredictability is spreading as investors
attempt to process the negative ramifications from multiple situations. Middle
Eastern conflicts continue to apply negative pressure. The price of oil is
rising at a record pace and is applying negative pressure. The ongoing
developments relating to the crisis in Japan, specifically the most recent
earthquake documented to be a 7.1 on the richter scale, are applying negative
pressure. Stocks appear less stable right now in the minds of investors and so
money is being positioned with the metals that have safe haven appeal. Gold and
Silver price per ounce rates recently closed higher during the last session in
the United States. June contract gold finished the last session higher by .80 at
1459.30. May contract silver finished the last session higher by .165 at 39.55
an ounce. Spot gold and spot silver continued to trend in positive territory
after open trading hours. Spot silver per kilo was higher by 9.39 at 1275.61.
Spot silver per ounce was higher by .29 at 39.68 an ounce. Spot gold per gram
was higher by .08 at 46.94 an ounce. Spot gold per kilo was higher by 77.48 at
46943.63 an ounce. Author: Camillo Zucari
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