dow2664
The bubble for today’s gold and today’s silver prices continues to fill with air and many observers are waiting for the positively trending gold and silver prices to hit a point and burst. Although many analysts are looking for the correction, gold and silver price per ounce rates continue to move inflate. The dollar has been struggling as of late and the inverse relationship that exists between the dollar’s value and the trending value of gold and silver has been helping to keep gold and silver aloft. Investors continue to diversify by investing money with safe haven assets like Au ad Ag. Stocks are at 52 week highs but gold and silver are keeping pace. Both gold and silver have recently reached record highs. Gold prices have climbed for seven consecutive weeks and, even though many are looking, the end does not appear to be imminent. Gold rose to a record higher of 1548 an ounce on Friday. The consecutive days that gold has closed above the 1500 mark continue to add up. Silver prices are trending very near 50 an ounce as well. Contract gold for June and contract silver for May closed out the last trading session well into the green but spot gold and spot silver prices prior to opening bell for today’s session reveal a bump in the road. Spot silver price per ounce is posting lower by 3.55 at 45.03 an ounce and spot silver price per kilo is lower by 114.26 at 1447.75. Spot gold per gram is lower by .24 at 49.79 and spot gold per kilo is lower by 239.84 at 49786.72. As we move into May today, spot gold and spot silver prices could be forecasting more of what is to come. Investors will keep a close eye on today’s gold and silver market trends. Author: Camillo Zucari
No comments:
Post a Comment