Spot gold per gram and spot silver Market News

March 9, 2014

Gold price per ounce and silver rate close review: Despite the positive price change over the last several weeks, gold and silver contract prices fell lower during the final trading session of last week. Both gold and silver contract prices closed with losses last session.

Gold price and silver price close review:
April contract gold price fell lower by 1.01 percent to close at 1,338.20 per troy ounce last session. May contract silver price fell back by 2.99 percent last session to 20.93 per troy ounce. It was a choppy week for gold and silver pricing but one month change for both remains positive at this time.
According to one month price change, gold price trend-line is currently positive by approximately 6.3 percent. Silver contract price change is positive by approximately 4.1 percent according to one month review.

After last session close, spot gold per gram and spot silver per ounce prices were in the red. Spot gold per gram price was lower at 43.06 and spot silver per ounce price was lower at 20.84.

The last week in the U.S. ended with the February jobs report posting and although the additions were not stellar, they still represented an increase over job addition totals from the previous two months. It was a modest rebound for the job market and the totals were actually much better than what most economists were anticipating. Precious metal safe havens lost appeal given the positively skewed economic data. Investors will tune in this week to see if gold and silver prices regain footing.

Source: Learning & Finance

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