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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