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dow2664 The stock market today revealed that trendlines for commodities in general continued to display somewhat volatile action. Today’s gold and silver price trends revealed that the better than expected jobs report that posted this morning helped investors feel more confident and that precious metal demand might be more sustained than originally thought, at least for precious metal gold. Gold price per ounce rates dropped lower Thursday but began to notch higher today after the jobs report posted. Silver continued to post red values halfway through the open market trading session today in the United States but pared early losses after the jobs report posted as trending then began to work its way back towards break-even for the day. Generally though, gold was on a rally today and today’s silver price per ounce rates continued to trend in negative territory. The dollar was gaining strength today versus other major currencies which also placed pressure on precious metal gold and silver trends. The major index composites still ended the week overall on the negative side and gold and silver close values for the day were mixed. Gold contract for June delivery ended the session higher by 10.20 at 1491.60. July silver contract ended today’s session with a floor price lower by .953 at 35.29 per troy ounce. After session close, today’s spot gold and spot silver prices were posting parallel results. Spot gold per kilo was green by 335.98 at 47948.98 and spot silver per kilo was red by 30.51 at 1134.34. Spot gold per gram was green by .34 at 47.95. Author: Camillo Zucari
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