Gold closes below the 1500 per troy ounce mark. Economic reports in the U.S yesterday were fairly positive. Noteworthy earning reports yesterday in the U.S. were fairly positive as well. The U.S. dollar fell though to the euro.
Gold dropped lower on the day. Precious metal contracts for gold and silver closed out the last Monday trading session in June in the red. Gold and silver are negative over the course of the last month and yesterday’s closing figures did not alter this trend. August contract gold finished the day lower by .30 percent and finished off at 1496.40 per troy ounce. Silver contract for July delivery moved lower by 3.04 percent and closed out the session yesterday at 33.58 per troy ounce. Investors were taking money out of gold and silver and positioning it with bargain stock finds. Spot gold and spot silver prices were moving in negative territory as well during the interval after last session close but prior to today’s opening bell. Spot gold price per kilo was lower by 25.72 at 48216.47 and spot gold price per gram was lower by .03 at 48.22. Both trends are trying to inch their way back to positive ground at this point. Spot silver price per ounce was lower by .89 at 33.75 and spot silver price per kilo was lower by 28.55 at 1085.09.
