Gold Remains Bearish on Greece’s Debt Situation - November 2, 2011 23:56

Gold futures remained bearish for the third consecutive day on Tuesday in reaction to announcement of Greece for a referendum on its bailout package. Moreover less than expected US manufacturing data also created uncertainty among investors. ISM’s manufacturing index declined to 50.8 percent for the month of October as compared to 51.6 percent in the […]

Gold Futures Make another Record on Tuesday - August 17, 2011 23:45

Gold futures contract made their record level despite weak European economic data. Gold futures for December delivery gained 1.5 percent or $27 to settle at $1,785 per ounce in Comex trading of New York Mercantile Exchange. Its earlier record which was made on August 10th stood at $1,784.30 per ounce. However for on Tuesday the […]

Gold declines on the Last day but posts Gains for the Week - August 12, 2011 23:59

Gold futures ended lower on Friday as investors went for profit taking. Gold futures contract for December delivery declined 0.5 percent or $8.90 to $1,742.60 per ounce on Comex trading session of the New York Mercantile Exchange. Though the respective contract declined on the last day of the week but was up by 5.5 percent […]

Gold Rally Reaches its Record - August 11, 2011 23:40

Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy.  Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]