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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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