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Congress and President Obama worked out the deal to avert the government shutdown, for now. The threat loomed for the entirety of the last trading session in the United States and stocks struggled as a result. Gold and Silver prices did not. The dollar fell to the euro and precious metals continued their rise. Precious metals gold and silver price per ounce rates ended with inflated values that were pushed higher due to the unstable market environment and potential government shutdown. Contract gold and Contract silver price per ounce rates finished in the green as their safe haven appeal drew investors looking to diversify. June contract gold finished the day higher by 15.20 and settled at 1474.10. May contract silver finished the session higher by 1.056 and ended the last session at 40.61 per troy ounce. Spot gold and spot silver levels are spiking as well. Recent Spot silver Price per Kilo was higher by 43.85 at 1315.16. Spot silver price per ounce was higher by 1.36 at 40.91. Spot gold per gram was higher by .52 at 47.41 and spot gold per kilo price was higher by 515.05 at 47406.92. Gold and silver prices have hit a series of record highs recently as a result of the threatening government shutdown, a weaker U.S. dollar, inflation worries, and the geopolitical turmoil looming over world markets and their investors. Author: Camillo Zucari
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