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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
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