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Market analysis reveals that commodities rallied during the last open trading session in the United States. Precious metal gold and silver price per ounce contract rates both finished in the green as of Monday’s end of day close values. It was a positive day for precious metals all around as the tracking board showed green values all around for Gold, Silver, Platinum and Copper. Copper finished the day higher by 1.03 percent at 4.02 a pound. July contract Platinum finished the day higher by .49 percent at 1795.10. July contract silver pushed higher on the day by 5.18 percent to close at 37.12 per troy ounce. June contract gold moved higher by .78 percent to finish the last trading session at 1503.20 per troy ounce. Gold rates pushed above the 1500 mark once again. The day’s trending was positive, especially for silver since the precious metal dropped off more than 30 percent last week. Last week, silver felt negative pressure stemming not only from a strengthening dollar, but also from the change in margin requirements. Gold was a bit more stable last week as it is a larger market and considered a premiere safe haven. During the interval between yesterday’s session close and today’s session open, spot gold and spot silver prices continued to trend green. Spot gold per gram was posting higher by .58 at 48.52 and spot gold per kilo was higher by 576.78 at 48519.98. Spot silver per ounce was higher by 2.33 at 37.61 and spot silver per kilo was higher by 74.85 at 1209.22. Author: Camillo Zucari
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