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 Mondays 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
days 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
yesterdays session close and todays 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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