Home based economic reports in the U.S. came in on the positive side through
todays trading session and stocks pushed higher for the majority of the day. The
three major indices in the U.S. opened the session in the green and by mid-day
of the trading session, market tracking revealed green trending across the
board. The dollar dropped lower versus the euro but higher versus the British
pound. Gold futures were dropping lower as the last Monday session of trading
came to a close. Investors are shrugging off world development news and focusing
more on the positive economic data posting in the U.S. today. Safe haven asset
gold fell back as a result. The Dow Jones ended the day red by .19 percent and
price per ounce rates for precious metal gold closed the day lower. Gold for
April contract delivery dropped by .44 percent or 6.30 to finish the day at
$1419.90 an ounce. May contract silver ended the day green with a floor price
that closed .11 percent or .039 higher at $37.09 an ounce. April contract
platinum finished the day higher by .13 percent or 2.20 at $1747.80 an ounce.
Floor price for May contract copper ended the last Monday of this month lower by
1.56 percent or .069 at $4.35 per pound. Precious metals posted mixed across the
tracking board to end the trading session in the U.S. on March 28th, 2011.
Author: Camillo Zucari
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