Stocks are soaring and price of gold is soaring. Gold futures for June delivery
moved higher once again during the first half of the trading session this day
and notched past the $1500 per ounce mark today for a second consecutive day.
Precious metal gold continues to soar in the current world economic climate.
Spot gold and spot silver prices were trending higher prior to todays opening
and trends for the safe haven asset continue to skew positive as of late. The
dollar lost strength today versus the euro and the British pound and the inverse
relationship that exists between the dollars value and the perceived value of
the yellow safe haven metal presents itself once again today. Gold futures for
June delivery breached the 1500 threshold and hit a new intraday trading high
today. At the mid day mark of todays trading session. Precious metals were
posting electronic floor prices that were green across the board. Spot gold and
spot silver prices were trending in positive territory as well at this point.
Spot silver price per kilo was higher by 40.16 at 1452.18 and spot silver price
per troy ounce was higher by 1.25 at 45.17. Spot gold price per gram was
trending higher by .24 at 48.29 and spot gold price per kilo was higher by
243.38 at 48292.67. Author: Camillo Zucari
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