The major market index composites were trending green at mid-day as news spread
that the political conflict in Libya may subside in a more peaceful manner than
originally anticipated. News posts today revealed the possibility that Libyan
leader, Moammer Gadhafi, might be willing to negotiate to find a peaceful
resolution to the violence and turmoil that has been plaguing the Middle Eastern
region. This news helped to push market indices higher earlier in todays trading
session. The dollar gained strength versus a handful of other currencies during
the session today as gold, silver, and oil prices fell back. Halfway through
todays trading session , market tracking revealed that precious metals were
posting red values across the majority of the tracking board. Electronic price
for April gold fell 6.90 to 1427.60 at this point. Silver price had fallen .01
to 35.77 per ounce at this same point. End of day close values for the major
market index composites pushed higher on the strength of bank shares. The Dow
finished the day green by 1.03 percent. The dollar gained on the euro, the
Japanese yen and the British pound. Contract gold and silver floor prices were
posting lower values today at close. April gold finished the session lower by
7.30 at 1427.20 an ounce. May silver finished lower by .207 at 35.66 an ounce.
Author: Camillo Zucari
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