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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