Stock futures were posting in the green prior to opening bell this morning and
index composites continued positive trending through the whole of the day. Spot
gold and spot silver prices stayed positive over the weekend as well. Today,
contracts for gold and silver were moving higher durng the first half of the
trading session. The dollar was gaining strength as well. The dollar was gaining
versus the euro and the Japanese yen at the mid-day mark. Aprill contract gold
was higher by 1.33 percent, or $18.90, at the halfway point and posted a floor
price of $1435 per ounce. Stocks moved in a positive direction today due to
progressive developments in Japan and also due to corporate merger news that
investors interpreted as positive for the market overall. Contrary to these
positive posts, news of increased action taken by the U.S. against Gadhafi
continued to have a destabilizing affect on market trending. Most motivating
however was the progress observed in Japan and stock index composites finished
the day well above break-even. The Dow Jones Industrial Average finished the day
higher by 1.48 percent at 12,033.80. Gold and silver finished in positive
territory as well. April contract gold finished the day higher by 10.30 at
$1426.40 an ounce. May contract silver finished the day higher by .94 at $36.00
an ounce. May Copper finished with a negative floor price that was lower by .053
at $4.29 per pound. Author: Camillo Zucari
No comments:
Post a Comment