Base Metals Fell as Investors went for Profit Taking - September 29, 2011 23:31

Gold futures declined on Wednesday as the investors went for profit taking keeping in view high volatility of the previous sessions. Analyst Stephen Platt from Archer Financial Services in Chicago commented, “After the rally, you are seeing some profit-taking, people are shedding some risk after the volatility they’ve seen.” Gold futures contract for December delivery […]

Gold Futures Gain on Tuesday on Signs of Decisive Solution for European Debt Crisis - September 28, 2011 23:47

Gold futures jumped more than 3 percent on Tuesday after series of bearish sessions as rumors of permanent solution for European debt crisis were floating in the market. Gold futures contract for December delivery gained 3.6 percent or $7.70 to settle at $1,652.50 per ounce on Comex trading of the New York Mercantile Exchange. The […]

Gold Futures Jump Beyond $1,800 Level on Tuesday - September 21, 2011 23:52

Gold futures moved in bullish rally on Tuesday and crossed the psychological barrier of $1,800 in reaction to uncertainty over euro zone’s sovereign debt crisis. Investors were also very keen about the latest US Federal Reserve meeting and were hoping for significant measures to improve the US economy. Analyst Tom Pawlicki from MF Global in […]

Gold gives the Best Performance in August since November 2009 - September 2, 2011 0:00

Gold futures remained in positive zone on Wednesday and recorded gain of 12 percent of the month of August which happens to be highest monthly gain since November 2009. Gold futures contract for December delivery gained 0.1 percent or $1.90 to $1,831.70 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Gold plunges on Wednesday as Investors opt for Profit Taking - August 25, 2011 23:56

After series of bullish rallies, gold futures finally saw correction on Wednesday and reported its highest fall since March 2008. Gold futures contract for December delivery plunged 5.6 percent or $104 to settle at $1,757.30 per ounce on the Comex division of the New York Mercantile Exchange. Most of the analysts believe that gold futures […]

Gold Futures Witness Correction - August 24, 2011 23:44

Gold futures fell on Tuesday as most investors went for profit taking. Gold futures contract for December delivery declined 1.6 percent or $30.60 to settle at $1,861.30 per ounce at Comex trading of New York Mercantile Exchange.  Most of analysts believe that gold contract is likely of find support at $1,850 per ounce. Pundits think […]

Gold Soars on Wednesday but Stays below the Psychological Barrier of $1,800 - August 18, 2011 23:59

Gold futures reached their record on Wednesday but remained below the mark of $1,800. Gold futures contract December delivery surged 0.5 percent or $8.80 to settle at $1,793.80 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched its intraday high of 1,797.60 per ounce on Wednesday. Investors took fresh positions […]

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 […]

Gold Futures Decline on Thursday as US dollar Strengthens - July 29, 2011 23:52

Gold futures declined on Thursday after reaching record levels in earlier sessions. The appreciation o fUS dollar was the main reason behind the bullish sentiments for gold. The dollar index DXY which measures the US dollar movement against its major six rival currencies gained to 74.209 on Thursday as compared to 74.088 on Wednesday’s late […]