Positive economic reports continued to post relative to the U.S. economy
throughout the trading session today yet stocks took a step back. Gold and
silver metals were pushing higher today however. The lower unemployment average,
paired with the addition of just over 190,000 jobs was still not enough to keep
major index composites trending green today. By mid-day, the Dow Jones was lower
by just over one percent, the dollar was falling to a handful of other
currencies and things did not improve much as the day wore on. Stocks were in
the process of retreating as oil concerns began to reappear in the minds of
investors. Contract gold and silver benefited by this and saw more positive
trending throughout the days session. April gold was higher by .85 percent at
the mid-day mark and May contract silver posted a floor price up by 2.6 percent
at the same point. Stocks ended Fridays session in the red across the board. The
Dow Jones Industrial Average fell lower by .72 percent on the day and finished
at 12,196.88. Contract gold, silver and platinum ended the session green today.
Floor price for April gold ended higher by 12.20 at $1,428.60 an ounce. May
contract silver ended the session higher by 1.00 at $35.33 an ounce. April
Platinum ended the session higher by 4.90 at $1,837.90 an ounce. Author: Camillo
Zucari
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