Posts Tagged ‘Copper’
Gold and Oil News - March 15, 2012 23:51
Gold Futures Plunge to Their Lowest in 8 Weeks
Gold futures fell to their lowest on Wednesday in eight weeks as the US Federal Reserve said that US economy is improving and decided not to go for further monetary policy easing. Stronger dollar also kept commodities under pressure. US Federal Reserve’s official decided to keep the interest rate unchanged to its ever low in […]
Gold Futures Fell Over Global Economic Slowdown
Gold futures fell on Monday after the news of increase in China’s trade deficit which raised concerns over sluggish global economic recovery. China reported its trade deficit figure of $31.38 billion in February as compared to trade surplus of $27.28 billion in the month of January. The huge trade deficit figure was beyond the expectations […]
Gold Futures Declines to their Lowest in Six Weeks
Gold futures remained under pressure on Tuesday in reaction to raising concerns over the global economy. Investors were concerned after the Institute for International Finance issued a warning of disorderly default by Greece. According to the trade group the default could cause the damage of 1 trillion euros in the euro region’s economy. The figure […]
Investors Take Fresh Position in Gold on Attractive Levels
Gold futures gained on Thursday as investors took fresh position on the precious metals due to its attractive levels. Gold fell in the prior session in reaction to comments of Ben Bernanke who expressed his doubts on US economic recovery. Gold futures for April delivery gained 0.6 percent or $10.90 to settle at $1.722.20 per […]
Gold Futures Reach Its Highest in Three Months on Safe Haven Status
Gold futures gained on Wednesday and reached their highest in last three months as investors shifted their focus towards the safe haven status of the precious metal. Gold futures remained low the whole trading session and jumped in last hour which was termed as Bargain hunting by most analysts. Gold futures contract for April delivery […]
NYMEX Trading: Crude Oil Post Slight Gains while Gold ends Lower
Crude oil futures slightly gained on Friday after a volatile session on Friday. Analysts attributed rising US dollar as the reason for pressure on commodities. The dollar index DXY which measures the greenback’s performance against its six major rival currencies gained to 79.607 on Friday as compared to 79.099 on Wednesday’s North American trading session. […]
FX Markets Driven By Inflation and Sentiment
Markets at the moment are being heavily dominated by monetary policy expectations on interest rates. This is being driven by mounting inflationary pressures seen both in the UK and in the Euro-Zone. Many economists are arguing that the current high inflation levels are short term and that price pressures will decline over the next 6-12 […]
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