Today we watched the yellow precious metal plunge actually in New York despite of cheerful forecasts regarding the metal prices within the close future as a result of a slight stronger dollar and mixed sentiments spread today to accordingly have Gold prices fell to $1686.76 per ounce recording a high of $1685.56 an ounce and a low of $1664.98 an ounce. In fact today mixed sentiments were spread throughout the commodities market as an unexpected drop in jobless claims and better-than-forecast earnings offset a slump in Apple Inc. If truth be told Initial jobless claims fell to its lowest level in five years, particularly from January 19 2008 which gave a sign of improvement in the labor sector; in the week ending on January 19 files for initial jobless claims dropped by 5,000 to 330,000 from 335,000, while estimates was 355,000. Furthermore the dollar index, which measures the strength and performance of the green Benjamin in front of a basket of major currencies, it rose faintly to trade around 79.94 recording a high of 80.15 and a low of 79.91, knowing of course that the green currency has an inverse relation with the yellow metal. However on a long term it is highly projected that gold according to Morgan Stanley that gold will rally this year and into 2014 as U.S. Federal Reserve policy makers will probably maintain asset purchases for two more years to support the recovery of the largest economy.