The dollar held strength during the last trading session in the U.S., but gold
and silver prices today will have to recover from the significant drop they
experienced during the last trading session. Contract gold prices dropped and
contract silver price sank even further. Gold for May contract delivery closed
the last session lower by 24.50 at 1532.40 per troy ounce. Due, in part, to the
recent changes made by the CME, silver futures for May delivery finished the
last trading session lower by 7.6 percent at 42.58 per troy ounce. Red was the
color of the day for most close out trade values during the last session.
Platinum contract for July delivery fell as well by 15.20 to finish the day at
1860.50. Although many precious metals dropped lower on the day, gold and silver
price per ounce rates are still trending green over the last thirty days. The
one month change for gold is still positive by 6.68 percent and the one month
change for silver is about the same right now. Silvers one month change is a
positive 6.65 percent. During the interval between yesterdays session close and
todays session open, spot gold and spot silver prices were trending negatively.
Spot gold per kilo was posting red by 789.30 at 49259.77. Spot gold per gram was
red by .79 at 49.26. Spot silver per ounce was lower by 4.88 at 41.20 and spot
silver per kilo was lower by 156.90 at 1324.55. Author: Camillo Zucari
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