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dow2664 Contract gold and silver price per ounce rates finished yesterday's session in the green, but trends observed prior to opening bell this morning were suggesting that gold or silver might drop lower during today's trading session. Spot gold and spot silver were mixed prior to today's market session open with spot silver staying green and spot gold dropping into the red. Through the first half of the trading session today, stocks dropped off from their earlier highs and precious metal gold was trending lower as well. Electronic prices for precious metals gold and silver were both posting values in the red as of the halfway point in today's trading session. The dollar was weakening versus a handful of other currencies but the inverse relationship often seen between the dollar's strength and safe have metal interest was not observed through the first half of the trading session today. Economic data was mixed earlier today and investor's worries over sustained economic growth in the U.S. were front and center. This type of market environment often promotes increased interest in safe haven metals. Some analysts expect that increased interest is inevitable in the in the current economic climate. As the trading session approached close, the major index composites had rallied and finished the session off green. Contract gold and contract silver price per ounce rates finished the day red. Gold Contract for June delivery was red by .23 percent to close at 1492.40. Silver contract for July delivery finished the day red as well by .47 percent and closed at 34.93 per troy ounce. Spot gold and spot silver had both fallen lower by end of day close as well. Spot gold per gram was red by .04 at 48.04 and spot silver per kilo was red at this point by 2.44 at 1125.85. Author: Camillo Zucari
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