Gold only section up mondayThe gold sector was the only positive sector, up 0.7 per cent as the April bullion contract on the New York Mercantile Exchange rose $4.10 to US$927.30 an ounce. Stock markets are selling off as the possibility of bankruptcy for General Motors Corp. and Chrysler appear much more likely after the Obama administration said neither automaker has submitted acceptable plans to receive more federal bailout money.
The government has also forced out GM CEO Rick Wagoner and gave Chrysler a 30-day window to complete a proposed partnership with Italian automaker Fiat