Gold Silver Precious Metal Market News Today: Gold Price per ounce and Silver
price per ounce trends slid lower during the final trading session of this week.
The safe haven appeal of precious metals diminished as the glare of the positive
jobs report in the U.S. diverted investors attention. Both precious metals were
tracking negatively at the halfway point in the last trading session and the
negative trends continued to the end of day close. Ultimately, gold and silver
contracts finished on the negative side of break-even for the day. Economic News
Affects Gold and Silver Price Outcomes: The Dow Jones Industrial Average, as
well as the Nasdaq and S&P 500 indices, spiked to marks not seen in years to end
the last trading session. The Labor Department reported that the U.S. economy
added 243,000 jobs in January and the national unemployment rate fell lower to
8.3 percent. The national unemployment rate fell to a mark not seen since 2009.
The dollar rose against a handful of other currencies. All of the above
pressured precious metal gold and silver positioning. Gold Price per ounce
Silver Price per ounce Close Review: Gold contract for April delivery finished
the last trading session red by 1.08 percent at 1740.30 per troy ounce. Silver
contract for March delivery finished the last trading session red by 1.25
percent at 33.75 per troy ounce. Spot gold price per gram and spot silver price
per ounce: Spot gold and spot silver price trends were tracking negatively after
last session close. Spot gold price per gram was red by 1.07 at 55.41 and spot
silver price per ounce was red by .56 at 33.62. Camillo Zucari
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