Gold, Silver, Precious metal Market Trending News Today: Gold prices have been
pressured recently by the potential for weaker demand overseas in addition to
the U.S. dollar that has been trending stronger than the euro. The euro has
struggled for the better part of this calendar year as the eurozone attempts to
regain financial stability. Leaders recently stepped towards financial stability
by orchestrating a bailout action plan so that Greece could avoid debt default.
The euro, however, continues to struggle. The weaker euro and stronger dollar
often translate into fewer investors positioning with safe haven precious
metals. Prior to opening bell this morning, the price of spot gold was tracking
negatively as was the price for spot silver. Today, the dollar was tracking
negatively versus the euro and the British pound. Gold price was posting in the
green. Contract gold price per ounce and contract silver price per ounce mid-day
trend review: As of the mid-day mark, April contract gold was green at 1686 per
troy ounce and May contract silver was green at 32.27 per troy ounce. Mid-day
Spot gold price and spot silver price trend review today: Mid-day trends for
spot gold and spot silver were tracking higher. Spot gold per gram posted at
54.19 and spot silver per ounce posted at 32.76 as of the mid-day mark. Camillo
Zucari
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