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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 day’s 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 Friday’s 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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