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Precious metal prices; Gold and Silver Market Trends Today:
Spot gold and spot silver price trends were moving in a negative directions during the early part of today?s trading session. Contract gold and silver prices closed the last session of May in the red as well.
Contract gold for June delivery finished the last trading session in May lower by .10 percent at 1564.20 per troy ounce. Silver finished the last full trading session in May lower by .81 percent at 27.76 per troy ounce. Both precious metal price trend-lines are currently negative according to one month change analysis. Silver price trend is negative by approximately 11.6 percent according to one month change and gold price is currently negative by approximately 6.6 percent according to current one month change. May was a rough month for precious metal prices and investors hope to see better trends present throughout June. Today, the dollar rose and so did gold price trend-line.
Today?s Gold price per ounce and Silver price per ounce Mid-Day contract Price review:
As of mid-day price check, gold contract price for August delivery was higher by 3.00 percent at 1611.10 according to electronic price post. July contract silver was higher by 2.42 percent at an electronic price of 28.43 per troy ounce at the halfway point today.
Spot gold price and Spot silver price trends:Spot gold and spot silver price trend-lines moved in a positive direction during the first half of trading today. Spot gold price per gram was higher at 51.89 and spot silver price per ounce was higher at 28.66.
Camillo Zucari
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