Gold Futures Reach Record Levels on US Monetary Policy - August 10, 2011 23:53

Gold futures reached their record levels on Tuesday as US dollar weakened in reaction to latest Federal Reserve’s meeting. The US Federal Reserve’s Open Market Committee decided not to change the interest rates due to sluggish economic growth. This resulted in shift of focus to safe haven investments such as gold. Gold futures contract for [...]

Crude Oil Plunges on Increased Supply - August 5, 2011 23:58

Crude Oil futures declined on Thursday and reached their lowest level since February. The main reason behind the decline was latest inventories data which increased more than expectations. The Energy Information Administration reported the increase of 44 billion cubic feet for the natural gas inventories as compared to forecasted increase of 32 billion cubic feet. [...]

Gold remains Bullish and reaches its New Record - August 3, 2011 23:59

Gold futures reached their record level on Tuesday as investors are shifting to safe haven status of the precious metal due to uncertainty over US economy. Gold futures contract for December delivery gained 1.4 percent or $22.80 on Tuesday to settle at $1,644.50 per ounce on Comex trading or New York Mercantile Exchange. The respective [...]

Crude Oil Plunges to its Five Weeks Lowest on Tuesday - August 3, 2011 23:55

Crude oil futures contract remained under pressure on Tuesday on latest US economic data. As per latest report of US Commerce Department consumer spending declined 0.2 percent for the month of June. US personal income gained to seasonally adjusted 0.1 percent which happens to be its smallest increase since last November. Crude oil futures contract [...]

Crude Oil Gains on Positive US Jobs Numbers - July 30, 2011 0:00

Crude oil futures gained on Thursday as US jobless numbers reduced substantially. As per the latest report of US Labor Department, the jobless claims declined 398,000 as compared to 400,000. Crude oil futures contract for September delivery gained $0.04 to $97.44 per barrel on New York Mercantile Exchange after touching its day’s highest of $98.01 [...]

Crude Oil moves in Bullish Drive - July 22, 2011 22:26

Crude oil futures gained on Friday as development on euro zone’s debt crisis made investors optimistic about crude oil. The light sweet crude oil futures contract for September delivery surged 0.7 percent or $0.66 to $99.69 per barrel on Friday at New York Mercantile Exchange. The respective contract jumped to day’s high of $99.95 per [...]

Gold Futures find Resistance at $1,600 per Ounce - July 21, 2011 22:06

Gold futures saw resistance at $1,600 per ounce on Wednesday after the positive development on US and euro zone’s debt situation. Senior market strategist, Adam Klopfenstein from Lind-Waldock in Chicago commented, “Optimism towards the budget and the debt-ceiling pulled gold lower,” he further added, “There’s still a lot of risk factors in the global economy.” [...]