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Market Update : 
Weak Dollar, Stocks; Gold Rebounds
Author: 123jump.com Staff
123jump.com
Last Update: 4:51 PM EDT March 25 2008


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U.S. stocks closed mixed at close after a rally of four days in a row. February consumer confidence declined to a five-year low after a persistent rise in food and energy cost and falling home prices. Separately, home prices in the metropolitan areas declined, for the thirteen months in a row. European makrets closed higher and Asian markets surged in the overnight trading. Argentina, Brazil and Mexico surged.

 
Gold increased $16.30 in New York trading to close at $935.00 per ounce, silver closed up $0.69 cents to $17.80 per ounce, and copper for front month delivery increased 5.00 cents to 367.85 per pound.

Wheat futures increased 47.50 cents in Chicago trading and closed at $10.67 per bushel. Sugar increased 36.00 cent to 12.28 cents per pound. Soybean future closed up 50.00 cents to $13.07 a bushel.

Dollar edged lower and traded near a record low against euro to $1.5609 and edged higher against yen to 100.15.

Bond Yields decreased for 10-year U.S. bonds and closed at 3.51% and on 30-year bonds declined to close at 4.31%.
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