Gold Jumps in Morning on High Volume, Markets Close Lower

early morning gold rally fizzles march 2013

Gold (GLD) price chart above.

Gold prices rallied around 10am on high volume only to fizzle out on closing with a slight gain of 0.21%. The US markets closed lower with S&P 500 Index leading the decline with a 0.57% loss, NASDAQ down 0.27% with Dow Jones Industrial Average also lower by 0.21%.

Canadian markets bucked the trend with a 0.23% gain for the day on heels of stronger Petroleum (up 0.50%) and metal prices.

SiAlpha continues to have a POSITIVE signal for gold (GLD) in the immediate and short-term.