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Gold futures were on the rise earlier today but that trending wavered as the halfway point of today's trading session. Investors were processing mixed reports today in the market place but still positioning investment with precious metal safe haven assets, specifically gold. The Dow Jones was trending in negative territory at mid-day and the dollar a bit lower versus the euro and the Japanese yen. Anxieties remained regarding the conflicts in the Middle East and the ever rising price of oil. Negative economic news today stemmed from the Commerce Department. The Department reported that new home sales declined more than expected. On the flip side, the Labor Department reported that initial jobless claims came in lower than expected. As of mid-day of today's trading session, April contract gold was red by .01 percent and March contract Silver was red as well. Today was the first time this week that contract gold and silver were trending red together but by end of day close, gold had moved out of the red. As of end of day close today, the dollar was trending lower versus the euro and the Japanese yen. Stock index composites finished mixed. The Dow Jones was negative by .32 percent at 12,067.44. The Nasdaq was in the green by .55 percent at 2,737.90. The S&P 500 was red by .10 percent at 1,306.06. April contract gold moved higher for the day by .13 percent and finished at $1,415.80 an ounce. March contract silver moved into the red by .40 percent at $33.17 an ounce. Copper for March delivery moved into the green for the first time this week by 1.19 percent at $4.33 per pound. Author: Camillo Zucari
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