The major market index composites were trending in positive territory across
the tracking board at the mid-day mark. Halfway through the last trading session
of the week, the Dow Jones Industrial Average was green by .63 percent at
12,247.72. Stock index trends have been positive for the better part of the week
and the positive momentum has been pushing stock composite trends higher. The
dollar was pushing higher today as well. The dollar gained versus the euro, the
British pound and the Japanese yen. Gold futures for April delivery fell during
the first half of the trading session today and did not recover. At the mid-day
mark, April contract gold was falling and posted red by .10 percent at $1433.55
an ounce. Generally, gold and silver have been on the rise and have climbed
significantly higher over the last twelve months. Today however; gold, silver,
copper and platinum all closed with a lower floor price. All three major indices
in the U.S. moved higher for the session and all ended with a rally that put
respective index gains in the green for the week. Investors moved towards stocks
and precious metals sold off pushing prices lower. April contract gold closed
the last trading session in the red by .61 percent at $1426.20 an ounce. May
contract silver finished lower by .87 percent at $37.05 an ounce. April Platinum
closed the session lower by .82 percent with a floor price of $1745.60 an ounce.
May contract Copper moved lower by .12 percent and finished the session at $4.42
an ounce. Author: Camillo Zucari
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