mines prices markets

After close numbers were finalized last session, gold and silver trends were green across the board. Gold contract for August delivery moved higher last session by .68 percent to finished the day over 1500 per ounce at 1510.40 per troy ounce. Silver contract finished the last session higher by 3.,31 percent at 34.75 per troy ounce. Green was the closing board color of the day as Copper and Platinum were two other noteworthy precious metals that finished off the day on positive ground. Platinum for July delivery ended higher by 1.90 percent at 1723.80 per ounce and copper for July delivery finished higher by 2.87 percent at 4.21 per pound. Just prior to opening bell this morning, spot gold and spot silver prices were still moving in positive territory.

Spot gold price per kilo was higher by 318.29 at 48534.77 and spot gold price per gram was higher by .32 at 48.53. Spot silver price per ounce was higher by 1.30 at 34.94 and spot silver price per kilo was higher by 41.86 at 1123.35. As the markets around the world attempt to stabilize, especially the European market, safe havens like gold and silver precious metals benefit from the uncertainty.

Gold and silver price per ounce rates today are positioned for a better start as last session close numbers were positive. The dollar dropped to a handful of other currencies and the euro gained strength. Gold and silver prices responded in a positive fashion by notching higher through the session.

Camillo Zucari