Commodities have been on a roller coaster ride lately and the price of gold and
silver have been up and down. Positive price per ounce rates for contract gold
and contract silver fluctuated last week and rode through the crests and valleys
before ending the ride with gold down and silver up. It was a choppy week. June
contract gold ended the last trading session in the United States with floor
price per ounce values in the red. Gold for June delivery ended the last session
red by 10.10 at 1493.60. Contract gold rates bumped above and then below the
1500 price per ounce mark on more than one occasion last week and investors will
look to see if trend lines stabilize this week. Silver was no different and rode
an even more volatile ride. Contract silver ended the last session higher with a
floor price per ounce rate in the green. Silver for July delivery ended the last
session higher by .216 at 35.01 per troy ounce. Spot gold and spot silver price
trends were moving in negative territory prior to opening bell this morning.
Spot silver per kilo was red by 28.26 at 1097.37 and spot silver per ounce was
red by .88 at 34.13. Spot gold per kilo was red by 90.99 at 47922.94 and spot
gold per gram was .09 at 47.92. 24 karat gold is posting at 52.78 per gram in
the current environment. Author: Camillo Zucari
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