Gold News Gold Price Precious Metal News Today: Gold price per ounce and silver
price per ounce trends are distinctly positive according to year to date change
at this point in time. Safe haven appeal of precious metals gold and silver have
taken a hit lately as the economic reports in the U.S. are stacking in a fashion
that is skewed towards the positive. Once again, jobs data last week was better
than expected and the economy in the U.S. appears to be moving in a consistently
positive direction. The positive trends for the economy in the U.S. build and
this action diminishes the safe haven appeal of precious metals like gold . In
addition, the euro continues to reveal weakness while the dollar has gained
strength. The current market environment is making it more difficult for
investors to position with precious metals gold and silver. As a result, gold
contract and silver contract prices closed the last session on the negative side
of break-even. Gold closed the last trading session in the red by 10.50 and
posted a floor price close at 1709.80 per troy ounce. Electronic price posting
was lower by 6.30 at 1712.40 per troy ounce. Silver contract for May delivery
finished the last session red by 1.13 and posted a last floor price of 34.52 per
troy ounce. Electronic price posting for silver was negative by .77 at 34.78 per
troy ounce to end the last session of the last full trading week. After last
session close, spot gold per gram price and spot silver per ounce price were
also in the red. Spot gold per gram posted at 55.03 and spot silver per ounce
was posting red at 34.74. Gold and silver finished the last session red, but are
still in the green according to year to date change. Camillo Zucari
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