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dow2664 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 yesterday’s session close and today’s 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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