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Stock composite trending dropped lower earlier this day and was still posting in the red at the halfway point of today’s trading session. The dollar was still lower versus the euro and the British pound at this point and Gold and Silver price per ounce rates were still posting green. Investors continued to feel the negative pressure stemming from moderate inflation potentials. Surging food and oil prices continue to place downward pressure on stock index composite trending and this, paired with the dollar’s loss in strength, is helping precious metal gold and silver prices post higher. April contract gold was up by $12.40 at the mid-day point in the day’s session. End of day market tracking for the major U.S. indices revealed that stocks closed with sharply lower figures. The Dow Jones was red by 1.38 percent. The Nasdaq was red by 1.61 percent and the S&P 500 was red by 1.57 percent. The significant index loss increased safe haven asset appeal and Gold and silver benefited from this action today. Precious metals were posting green values across the tracking board. April contract gold was higher by .40 at $1,431.60 an ounce. March contract Silver was higher by .19 at $34.61 an ounce. Floor price for Gold, Silver, Platinum and Copper posted in the green for close on March 1st, 2011. Author: Camillo Zucari
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