Commodity prices dropped early yesterday just after word spread of Osama Bin
Ladens death. Contract gold price today will attempt to stay green considering
it barely finished in positive territory at the end of yesterdays market trading
session. Gold prices struggled through the last trading session but ultimately
recovered by session end and closed the day higher by .70 or .04 percent at
1557.10 an ounce. May contract silver moved lower to end the last trading
session. Silver lost 5.18 percent or 2.515 to finished the day at 46.08 per troy
ounce. Platinum contract moved higher by .55 percent to close at 1875.70 and
Copper contract closed higher by .41 percent at 4.20 per pound. The dollar fell
lower to the euro during the last session. During the interval between
yesterdays session close and todays session open, spot gold and spot silver
prices were trending in the red. Recent spot gold and spot silver prices were
moving negatively. Spot gold price per gram was lower by .49 at 49.53. Spot gold
per kilo was lower by 494.80 at 49531.76. Spot silver price per kilo moved lower
by 127.24 at 1434.78 and spot silver per ounce moved lower by 3.96 at 44.63.
Contract gold prices were able to recover enough during the last session to end
in the green but spot gold was still trending red after yesterdays session
close. Prices of gold and silver ultimately spent the first session recovering
losses and made up ground. Investors will look to observe if gold and silver
prices continue this recovery-mode trending today. Author: Camillo Zucari
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