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dow2664 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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