Market News Gold and Silver Price Trends Today: Stock indices took a tumble
during the second trading session of this week. Markets overseas ended lower as
concerns about slowing economic growth in major economies of the world decreased
investors confidence. Many fear the the worlds second largest economy, China, is
heading for an economic slowdown. China is one of the worlds largest consumers
of precious metals and so fear of the slowdown added to the negative pressure
experienced by precious metal price trend-lines. Gold and silver futures slipped
lower last session. Adding to the pressure last session was the improving market
strength of the dollar versus a basket of other currencies. The stronger dollar
reduced the number of investors looking to position with precious metal safe
havens. Gold and silver prices fell during the day as a result. Todays Gold
contract and Silver contract Close Price Review: Gold contract for April
delivery finished the last session lower by 1.22 percent at 1647 per troy ounce.
May contract silver finished the session red by 3.40 percent and posted a floor
price close at 31.83 per troy ounce. Todays Spot gold price per gram and spot
silver price per ounce trends: Prior to opening bell this morning, spot gold
price per gram and spot silver price per ounce were tracking higher. Spot gold
price posted at 53.24 per gram and spot silver price posted at 32.22 per ounce.
Camillo Zucari
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