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During the first half of the trading session today, stock index composites were mixed. The Dow Jones was trending red and the dollar was gaining strength versus the euro and the British pound. Gold futures were trending in positive territory as was price per ounce value for Silver and Platinum. This movement was positive for gold in comparison to how it ended last week when it fell lower following the resignation of President Mubarak. Investors are anticipating that safe haven interest may increase in the coming weeks as European debt worries continue to fester and strengthen worldwide. If this happens, the expectation remains that more buyers will flood the gold market. Currently, gold values are keeping confined to a relatively tight range. End of day close index values in the United States reveal that major U.S. composites ended the day relatively flat. The Dow ended the day just in the red by .04 percent at 12,268.19. The Nasdaq and S&P 500 were both in the green by about .25 percent. Investors mostly took time to process President Obama’s budget proposal. the dollar ended the trading session stronger against the euro and the British pound. Precious metals were mostly green across the market tracking board by end of day close. Gold contract for April delivery ended the session higher by .35 percent at $1,365.10 an ounce. Silver ended the session higher by 1.80 percent at $30.53 an ounce. Platinum for April delivery ended the session in the green by .78 percent at $1,827.60 an ounce. Floor price for contract Copper moved higher by 2.04 percent at $4.63 per pound. Author: Camillo Zucari
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