Precious metal prices have surged higher this past week. Precious metal gold
price per ounce rates closed higher last session. Precious metal Silver price
per ounce rates closed higher last session. Contract gold and silver rates have
been trending in positive territory throughout this week and build more momentum
with each day of positive trending. Money investments have been funneling into
the safe haven metals even as the major stock market indices have finished their
respective sessions in the green. The dollar recently traded lower versus a
handful of other currencies and this has also helped keep precious metal gold
and silver prices aloft. June contract gold finished the last trading session in
the United States higher by 3.80 at 1498.90 an ounce. Gold breached the 1500
mark again yesterday but then retreated prior to close. May contract silver
moved higher by .548 at 44.46 per troy ounce. The one month change for precious
gold is higher by 5.40 percent and the one month change for silver is positive
by 26.99 percent. During the interval between yesterdays session close and
todays session open, spot gold and spot silver were trending in positive
territory. Spot silver per ounce was green by 1.89 at 45.81 and spot silver per
kilo was higher by 60.76 at 1472.79. Spot gold per kilo was higher by 348.19 at
a price of 48397.48 and spot gold price per gram was higher by .35 at 48.40.
Gold peaked above the 1500 mark last session before retreating and silver prices
reached a thirty one year high as well. The record high prices are making some
investors a little uneasy. Many wonder when the next correction will be and what
the prices will be when the correction takes place. Author: Camillo Zucari
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