The dollar gained on the euro once again during Wednesdays trading session.
Gold and silver prices dropped lower due, in part, to the rising dollar. Gold
price trend-line has been pressured over the course of the last five trading
sessions and has closed in negative territory over each. Silver has struggled as
well and ended the most recent session at a mark lower than any observed since
the first month of this calendar year. Officially, gold contract for February
delivery finished the last session red by 2.0 percent at 1,564.10 per troy
ounce. Silver contract for February delivery finished the last session red by
5.3 percent at 27.23 per troy ounce. The Philadelphia Gold and Silver index
closed in the red by 6.32 percent. The world gold index closed out the last
session lower by 2.25 percent at 1557.80 per troy ounce. The advancement of the
dollar last session applied pressure to gold and silver and a basket of other
commodities. The dollar advanced higher by .9 percent versus a basket of other
foreign currencies. After last session close, spot gold price and spot silver
price trend-lines continued to move negatively. Spot gold Spot Silver prices:
After last session close and prior to todays session open, spot gold price per
gram and spot gold price per kilo trends were negative. Spot gold price per gram
was red by 1.19 at 50.06 and spot gold price per kilo was red by 1193.11 at
50061.61. Spot silver price per ounce was red by 1.71 at 26.99 and spot silver
price per kilo was red by 54.95 at 867.68. Camillo Zucari
No comments:
Post a Comment