Precious Metals Surge to Highest Level in One Month - October 26, 2011 23:53

Gold and silver futures moved in a bullish rally on Tuesday and reached their highest in one month. Gold futures contract for December delivery jumped 2.9 percent or $48.10 to settle at $1,700.40 per ounce at the Comex trading session of the New York Mercantile Exchange. This was the highest settlement since September 22nd, 2011. […]

Gold Gained On Friday as Euro Settles Down - June 20, 2011 9:08

Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]

Gold Futures Gained despite Escalating Concerns over Greece’s Debt Situation - June 17, 2011 20:52

Gold futures gained on Thursday despite rising concerns over Greece’s debt situation. Gold futures contract for August delivery gained 0.2 percent or $3.70 to close at $1,529.90 per ounce at Comex trading session of New York Mercantile Exchange. The contract touched the day’s high of $1,534 per ounce. Most of analysts believe the market seems […]

Gold and Silver Contracts Gain on Declining Dollar - May 28, 2011 0:15

Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]

Gold Futures witness Correction after Reaching the Record High - April 2, 2011 0:16

Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]