Contract gold prices closed the week on an upswing and contract silver closed
with a continuation of negative pressure that ultimately pushed silver to finish
the last session down by 3 percent. Contract Gold and silver prices today will
remain mixed until markets open once again on Monday. Gold contract for June
delivery ended the last session of the week higher by 10.40 at 1491.70. Although
gold did not regain its once held position over the 1500 per ounce threshold, it
did make gains that made up for some of the earlier losses in the week. Contract
silver was not able to do the same, trending for silver price per ounce remained
in the red throughout the last trading session and ended the day at 1491.70.
Contract copper for July delivery ended the last session in the red by .56
percent at 3.98 a pound. July contract Platinum finished of the last trading
session of the week ended higher by .46 percent to close at 1786.40. Trends for
the one month change for Gold has been dropping lower with every additional
close in the red. Although yesterday did not close in the red for gold price per
ounce, the one month change has still been pressed lower and is currently
posting positive by only 2.08 percent for the past thirty days. Silver has been
dragged through the mud recently and and the one month change for this metal
reveals the dirt. The one month change for silver is posting a negative 10.97
percent. Spot gold continued to trend green during the interval between last
session close and today, and spot silver continued to post trends in the red.
Spot gold per kilo posted higher by 458.15 at 48070.19 and spot gold per gram
posted higher by .46 at 48.07. Spot silver per kilo was lower by 19.90 at
1144.95 and spot silver per ounce was red by .62 at 35.61. Author: Camillo
Zucari
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