The major stock indices received a boost via the jobs report Friday and end of
day close marks settled well into the green. The economy has received positive
news for the better part of the week and this was enough to cause investors to
pay less attention to overseas developments and more attention to home based
growth in the United States. The safe haven appeal of precious metals fell lower
during the week and by the last trading session Friday, contract metals had
fallen mostly into negative territory. June contract gold fell 11.00 to end the
session at 1428.90. May silver fell .33 to end the session at 37.73. For the
first time in weeks, the one month change for gold has fallen into negative
territory. Current tracking of golds one month change reads a negative .17
percent. Silvers one month change is still holding positive by 8.97 percent, but
is slowly trending lower as well. Current spot gold and spot silver prices are
moving in negative territory this day as well. Spot silver per kilo is in the
red by 3.09 at 1214.53. Spot silver per ounce is trending red by .10 at 37.38.
Spot gold per kilo is moving lower by 341.44 by 45920.27 and spot gold per gram
is lower by .34 at 45.92. Author: Camillo Zucari
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