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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 day’s 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 today’s 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
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