Posts Tagged ‘Copper futures contract’
Gold and Oil News - October 5, 2011 21:49
Gold Futures Fell on Tuesday in Reaction to Bernanke Comments
Gold futures declined on Tuesday in reaction to recent comments by US Federal Reserve Ben Bernanke in which he showed his concerns over weak economic growth and sluggish employment rate for US. Investor shifted their focus from safe haven status of gold as many expected strong deflationary pressures for the futures. Bernanke commented, “Recent indicators, [...]
Gold Jumps on Thursday on increased US Jobless Claims
Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of [...]
Gold Makes New Record Investors looking at $2,000 per ounce for the Next Week
Gold futures made new record on Friday as investors shifted their focus towards the safe haven status of the metal in reaction of weakening US dollar. Gold futures contract for December delivery gained 1.7 percent or $30.20 to settle at $1,852.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched [...]
Gold Futures Make another Record on Tuesday
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
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
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, [...]
Gold Futures reach their Record High
Gold futures reached their record high on Friday despite stronger US dollar and developments on euro zone’s sovereign debt crisis. Gold price contract for August delivery advanced 0.9 percent or $14.20 to $1,601.10 per ounce on Comex trading of New York Mercantile Exchange. On Monday the respective contract reached the day’s high of $1,605.50 which [...]
Gold Futures find Resistance at $1,600 per Ounce
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.” [...]
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