Why Gold Is Glittering
Stocks closed lower Friday, with the Dow Jones
Industrial Average
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concerns about corporate profits weighed on Wall Street. For the week, the Dow
industrials lost 1.7%, marking its first weekly decline since Feb. 9.
The June Dow industrials futures
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at 10430.000, despite poking briefly into positive territory in early-afternoon
trading.
The June Nasdaq 100 futures
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like yesterday. The trading range was narrow by the end of trade and the NDM2
ended losing 12.00 to close at 1482.000.
The June Standard & Poor’s 500 futures
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1149.600.
Bond prices slipped, the June 30 yr
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ground against the euro
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PowerRating)and the yen
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April gold futures
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today, a bullish move. Gold prices ended near the top end of their recent range
closing at 297.60 up 4.50. The move up was due to yen weakness and losses in
U.S. stocks.
The May silver contract
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cents on the day. May copper
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1.40 to end at 74.85.
Profit-taking weighed on oil futures. May crude-oil
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fell 26 cents to $25.35 a barrel on the New York Mercantile Exchange. May
Heating oil
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unleaded gasoline
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May natural gas
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thermal units.
Wheat futures started out higher for a second
straight day on the Chicago Board of Trade, but then turned negative by the
end of the day. Potentially harmful weather for the winter wheat belt and
concerns about shrinking supplies undermines the gains in wheat. Wheat for
May delivery
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WK2 |
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CK2 |
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fell .500 to $2.05 a bushel; May soybeans
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flat, then broke above the 4.60 and rallied strong to end the day up 4.75 to
464.000 cent a bushel.
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