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Commodities moved forward during the last half of yesterday’s trading session. After session close, spot gold was trending in the green. At this same point, spot silver was still trending red. Both precious metals moved to recover but only contract gold officially finished off the last trading session in the U.S. with a positive price per ounce rate. The stock market recovered during the second half of the trading session yesterday and ultimately, the major index composites in the United States went green to close. The dollar took some positive strides versus the euro but June contract gold still finished ahead. Some of the precious metals on the Metals tracking board finished with a negative floor price however. June contract gold closed green by 5.40 at 1506.80 per troy ounce. July contract silver finished the day red by .718 at 34.80. July contract platinum went red by 6.80 at 1771 and July copper finished with a floor price higher by .057 at 3.97 per pound. Later, during the interval between yesterday’s session close and today’s opening bell, spot gold and spot silver continued to trend in divergent directions. Gold is up. Silver is down. Spot silver per kilo was red by 30.22 at 1111.42 and spot silver per ounce was red by .94 at 34.57. Spot gold per kilo was green by 56.91 at 48318 and spot gold per gram was green by .06 at 48.32. Author: Camillo Zucari
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