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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