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 Obamas 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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