Tuesday, March 29, 2011

Spot Gold and Spot Silver Investing market Trends; April Contract Gold and May Contract Silver News and Notes March 30th, 2011

Spot Gold and Spot Silver Investing market Trends; April Contract Gold and May Contract Silver News and Notes March 30th, 2011 : Regarding the economic reports, primary attention was given to the Conference Board’s Consumer Confidence Index which came in lower due, in part, to the rising cost of gasoline and also the Home Price Index which revealed that home prices fell overall for the seventh straight month in a row. Gold and silver contracts did not gain however. Floor price for April contract gold moved lower by 3.70 to 1416.20. Floor price for May contract silver moved lower by .101 to 36.99.

The Stock market is still open and vulnerable to the overseas developments and to negative home based reports like the ones posting throughout yesterday’s session. Safe haven appeal has diminished however as investors keep stocks aloft. Spot gold trending after open session trading hours on Tuesday revealed that spot gold per kilo and per gram was moving lower. Spot silver per kilo and per ounce was moving higher. Spot gold per kilo was red by 244.99 at 45608.41. Spot gold per gram was red by .24 at 45.61. Spot silver per ounce was green by .09 at 37.14 and spot silver per kilo was green by 2.99 at 1194.08. (source www.learningandfinance.com)
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