Posted on | June 6, 2011 | No Comments
The climate for precious metal gold remained conducive for price trend increases during the first Monday trading session in June today. Perceived safe havens were supported by the pessimistic views relating to the economic recovery, not just the recovery in the U.S. but for the global economy as well.
Perceived safe havens were boosted by this today and gold futures were on the rise mid-day today as a result. The major index composites did not rebound to open the session this week as many had hoped they would. Negative momentum built last week and this slop type carried through to today. Stock composites struggled. Trading volume was light today due of the minimal number of reports posting and the major indices continued to trend in the red during the first half of the trading session. At the halfway point in today’s trading session, the Dow Jones Industrials, Nasdaq and SP 500 were all posting values in the red. The Dow Jones Industrial was lower by .06 percent at this point. All three major indices closed red for the day’s session. Precious metal gold and silver were posting mid-day floor prices in the green. August gold price per ounce was higher by .80 percent at 1554.80 and electronic price for July silver was higher by 2.53 percent at 37.10 per troy ounce. As close finalized, gold price per ounce floor prices were green by .31 percent at 1547.20. Silver price per ounce floor prices were green by 1.63 percent at 36.78 per troy ounce. Spot silver per ounce was higher by .36 at 36.56 and spot silver per kilo was higher by 11.56 at 1175.42. Spot gold per gram was green by .36 at 49.61 and spot gold per kilo was green by 359.12 at 49614.07.
Camillo Zucari
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