Precious metal Commodity News Opening Trading Session this week: Gold price
trend-line was unable to sustain positive trending to open the first day of
trading this week. Ultimately, gold price dropped lower on the day and as of
end-of-day close for April contract, gold price finished at 1724.90 per troy
ounce. The dollar had gained versus the euro and this action added to the
pressure gold price trends experienced on opening day this week. Gold Platinum,
and Copper all experienced pressure and finished the opening session on the
negative side of break-even for the day. Copper contract for March delivery
dropped lower during the opening session by .95 percent and closed with a floor
price at 3.86 per pound. April delivery platinum finished the last session red
by .13 percent and posted a floor price at 1692.80 per troy ounce. Precious
metal Gold ETF News Opening Trading Session this week: SPDR Gold Trust ETF GLD
finished the opening session red. GLD posted lower by .27 percent, negative .46,
and posted at $167.18. Gold experienced a bit of a sell-off during the opening
session this week as investors moved to liquidate some holdings. Safe haven
appeal is still above average though for precious metal gold and gold price
trend-line outlook remains generally positive during the current time. Camillo
Zucari
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