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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 today’s 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 today’s 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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