Stock index composites closed in the green as of the last trading session of
last week. Economists were anticipating a potential correction to open trading
this week and by mid-day today, the major index composites in the United States
were posting red across the market tracking board. This trending continued
through days end. World markets, along with a majority of investors, have been
rattled by the quake in Japan. Dealing with the aftermath has created increased
uncertainty in the market right now. The dollar dropped lower to the euro and
the British pound during the session today and as of the halfway point of todays
trading session, precious metal gold was moving in positive territory. As is
often the case when market instability collaborates with a weakening dollar,
precious metal gold prices move inversely and track higher. Floor price for
April contract gold was higher by .11 percent at mid-day and by end of day
close, was still holding on to positive values. The major index composites in
the U.S. were red. The Dow Jones finished the session lower by .38 percent at
11,998.42. 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.
Author: Camillo Zucari
No comments:
Post a Comment