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Floor price for precious metals ended last session trending green. Gold for February delivery was up by 1.10%. Silver for March delivery was green by 1.39%. Platinum for April delivery was green by 1.65% and Copper for March delivery was green by 1.94%. The Safe Haven assets were a popular area to position money as the market fluctuated and the dollar value was more volatile and left investors feeling less comfortable. Gold for February delivery floor price ended at $1,421.40 an ounce. Silver for March contract delivery ended the session at $30.94 an ounce. Platinum ended the session at $1,778.20 an ounce for April contract delivery. Copper ended at $4.45 per pound for March contract delivery. Trending was on the positive side for precious metal commodities due to recent economic concerns and the past devaluation of the dollar. Investors are optimistic though that the market will gain strength and continue to recover, possibly at a faster pace. This will be an interesting and important week in the market that will set the tone for composite index trending, but also precious metal commodity trend-lines. Gold had a good year last year and safe haven investors are hoping to see these trends continue in 2011. The dollar index is moving higher for the first time in days and as precious metals typically move inversely to the dollar, precious metal investors will be watching closely to decipher movement. Author: Camillo Zucari
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