Gold price and Silver Price U.S. economic Market News Today: Gold and silver
contract price trend-lines were pushed lower to end the last week of trading.
The dollar gained strength versus the euro and, as is often the case when this
action is observed, the inverse relationship between gold price and dollar value
presented. The dollar grew stronger and gold prices fell lower. In addition to
the stronger dollar, better than expected jobs data in the U.S. gave investors a
boost of confidence and optimism which ultimately reduced the safe haven appeal
of precious metals. Price trend-lines for precious metal gold and silver
suffered as a result. Gold Price Per Ounce Close Review Silver Price Per Ounce
Close Review: April contract gold closed out the last session red by 19.00 by
posting a closing floor price at 1740.30 per troy ounce. Last post electronic
price was red by .68 percent at 1728.50 per troy ounce. March delivery silver
contract finished the most recent trading session lower by .426 at 33.75 per
troy ounce. Last electronic price post was red by .35 percent at 33.63 per troy
ounce. The U.S. jobs report came in well above most expectations. The
unemployment rate dropped to its lowest level in almost three years. Gold and
silver felt the pressure of this positive economic news. Spot gold price per
gram and spot silver price per ounce: Prior to opening bell this morning, spot
gold price per gram trends and spot silver price per gram trends were posting
red. Spot gold price was lower at 55.33 and spot silver was red at 33.49.
Camillo Zucari
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