Gold, Silver and Copper moved into higher price per ounce territory as of
yesterdays end of session close. Precious metals moved higher on the same day
that President Obama signed the new tax cut plan into law. Stock action remained
little changed on Friday. DJIA decreased by 7.34 points or 0.06% to 11,491.91.
Nasdaq increased by 5.66 points or 0.21% to 2,642.97. S&P 500 was up 1.04 points
or 0.08% to 1,243.90. The Treasuries 10-year yield was down 0.11 to 3.37%. The
Dollar was up 0.0049 to the Euro at $1.32. Overall, the dollar gained on the
British pound, the euro and the Japanese yen. Some analysts anticipate that the
tax cut plan injection of the greenback could ultimately push devaluation of
currency in the United States. Although volume is lower, interest and money
positioned with the yellow metal yesterday and safe haven assets. Gold for
February delivery floor price moved up by $8.20. The end of session close for
Gold was ahead by .60% and settled at $1,379.20. Silver for March deliver rose
as well. Floor price for Silver as of end of session close was ahead by 1.22%
and settled at $29.13 an ounce. Copper for March delivery moved ahead also. As
of end of session close yesterday, floor price was up 1.04% and as copper price
per ounce finished at $4.16. Author: Camillo Zucari
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