Wednesday, May 18, 2011

Today’s Contract gold and Contract Silver Price Per Ounce; Spot gold and spot silver price trends; Precious Metal Gold Investing News Today

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dow2664 Stock index composites lifted higher during the first half of today's trading session and posted mid-day values in the green. The same can be said for contract gold and silver price per ounce trending during the first half of open trading in the United States as well. Electronic price for both gold and silver contracts were posting in the green at the halfway point of today's trading session. July contract silver was higher by 1.63 at 35.12 at this point. June contract gold was green by 16.70 at 1496.70 per troy ounce at this same point. The dollar has been losing strength and investors believe that the slumping dollar will ultimately lead to more consistently positive gold and silver price per ounce rates. By end of day close the major U.S. index composites were trending higher off of positive action stemming from the tech sector. Precious metals gold and silver were moving higher during the latter have of the trading session today as well. Stocks rallied higher today and gold and silver floor prices followed this trend line movement. Gold contract for June delivery was closing the day out with a floor price per ounce rate 1.07 percent higher at 1495.80. July silver was finishing stronger as well with a floor price per ounce rate higher by 4.80 percent at 35.10. Precious metal commodity values moved higher during this session across the majority of the metal tracking board. Spot gold and spot silver prices were trending in the green at the session close point today also. Author: Camillo Zucari



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