Gold Price Trend-line News Market Review Today: The primary stock indices in
the U.S. dropped lower during the last full trading session. The dollar gained
strength versus a basket of other currencies and the price of gold per ounce
fell lower. Bernanke relayed that the economic recovery in the U.S. was mediocre
and did not post remarks that reinforced the idea of additional federal stimulus
in the near term. The lack of support for future QE3 pushed the strength of the
dollar higher in the global economic environment and as a result, gold value
responded inversely. Precious metals in general experienced weak trends during
the last trading session. Gold Price per ounce contract close today and Silver
price per ounce contract close review today: April contract gold finished the
last trading session in the red by 4.31 percent and posted a floor price close
at 1,711.30 per troy ounce. March contract silver finished the last session
lower by 6.88 percent and posted a floor price close at 34.58 per troy ounce.
Spot gold price per gram and spot silver price per ounce trend review today:
Spot gold price per gram and spot silver price per ounce trends were posting in
the green prior to opening bell this morning. Spot gold per gram posted at 55.15
and spot silver per ounce was posting at 34.72 at that point in the day. Camillo
Zucari
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