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Index trending in the market was green across the board as of yesterday’s close of the U.S. trading session. Stocks closed at two year highs Thursday due in part to positive reports stemming from the housing and jobs sectors. Precious metals fell into the red however. Price per ounce for gold, silver, platinum and copper were all lower by the end of day close. The dollar lost strength to the euro, the Japanese yen and the British pound but precious metals continued to trail off. Investors chose to look at the positive reports from the Labor Department and the Commerce Department, and thus safe haven interest was lower. The Department of Labor reported that the number of people filing for initial unemployment benefits fell from 423,000 to 420,000 in the latest week. In addition, the Commerce Department reported that new private home starts rose higher than anticipated by analysts with an increase of 3.9% above the revised October figures. By end of day close, Gold Futures for February delivery were down by $15.20 and settled at $1,371 an ounce. Silver for March contract delivery fell 1.61% and finished the day at $28.78 an ounce. Platinum was in the red by .34% and ended the day lower at $1,698.60 an ounce. Copper per ounce finished in the red by .40% at $4.12. Author: Camillo Zucari
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