Contract gold and silver price per ounce rates moved higher during the last
trading session in the United States. Stocks generally worked on a recovery
throughout the majority of the day and ultimately ended the day in positive
territory also. Precious metal gold and silver moved higher throughout the day.
The dollar lost strength versus the Japanese yen and the British pound during
the last session and investors worried over the risk of inflation and rising
interest rates. This worry helped to guide investors towards diversification and
precious metal positioning. June contract gold moved higher by 13.60 to end the
week at 1486 per troy ounce. May contract silver moved higher by .907 to end the
week at 42.57 per troy ounce. The one month change for gold is positive by 5.61
percent and the one month change for silver is positive by 21.94 percent. Spot
gold and spot silver price trending was moving in a positive direction after the
last session close in the U.S. Spot silver per kilo was trending higher by 43.37
at 1382.80. Spot silver price per ounce was higher by 1.35 percent at 43.01.
Spot gold price per gram was trending in the green by .47 percent at 47.79 and
spot gold price per kilo was higher by 471.65 at 47787.91. Author: Camillo
Zucari
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