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Stock market index trend lines moved in a somewhat choppy and unpredictable fashion this week due to the political turmoil and pockets of violence flaring throughout the world. Precious metal price trends moved in a similar fashion as well this past week. To start the week on Monday, the world felt rattled by the quake in Japan. Dealing with the aftermath has created increased uncertainty in the market. The dollar dropped lower to the euro and the British pound during the session Monday. April contract gold finished in the green by .22 percent at $1,424.90 an ounce. May contract silver moved lower by .26 percent at $35.84 an ounce. May contract Copper was red as well and ended the session at $4.19 per pound. Negative momentum continued on Tuesday for index trends in the U.S. but the dollar was gaining strength this day. Gold, silver and copper all fell back this day. April contract gold finished the day lower by 2.11 percent at $1,394.80 an ounce. May Silver closed lower by 4.81 percent at 34.12 an ounce. May Copper fell back by 1.18 percent at $4.14 a pound. On Wednesday, precious metal contracts bumped higher once again. April contract gold ended the day in the green by .29 percent at $1,396.80 an ounce. Silver contract floor price ended the day higher by 1.04 percent at $34.47 an ounce. Copper contract finished in the green as well by 1.46 percent at $4.20 per pound. The last two trading session of the week were more positive for stock market indices in the United States. The dollar was losing strength as the yen shot up higher and gold futures were on the rise once again. Gold and Copper pushed into the green this day. Contract gold for April delivery moved higher by .58 percent and finished the day off with a floor price of $1404.20 an ounce. May contract silver ended lower by .62 percent with a floor price of $34.26 an ounce. May copper ended higher by 3.49 percent with a floor price of $4.34 per pound. The dollar fell versus the euro on Friday and gold futures for April delivery moved higher. Floor price for April contract gold was higher at close by .85 percent and finished at $1,416.10 an ounce. May contract silver moved higher by 2.34 percent at $35.06 per ounce. Copper fell lower on the day by .12 percent at $4.34 per pound. Over the weekend, spot gold and spot silver prices continued to move in the green. Author: Camillo Zucari
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