Gold Gains on Weaker US Jobs Data - May 4, 2012 23:45

Gold futures ended higher on Friday as the latest weekly US jobs data disappointed investors. The gold futures contract gained 0.6 percent or $10.40 to settle at $1,645.20 per ounce on the Comex division of the New York Mercantile Exchange. Gold has gained 1.2 percent for the week. The precious metal remained volatile the whole […]

Gold Futures Ended Lower for the Month - May 1, 2012 23:53

Gold futures remained lower on Monday and also posted loss for the month. The gold futures contract for June delivery slightly fell by 0.1 percent or $0.60 to settle at $1,664.20 per ounce on the Comex division of the New York Mercantile Exchange. For the month the precious metal was down by 0.5 percent. Gold […]

Crude Oil Advance on US Fed Comments - April 27, 2012 23:51

Crude oil futures gained on Thursday backed by weaker US dollar which fell in reaction to comments of US Federal Reserve indicating chances of further monetary easing. Crude oil futures contract for June delivery gained 0.4 percent or $0.43 to settle at $104.55 per barrel on the New York Mercantile Exchange. Oil has kept itself […]

Gold Slightly Gains as Concerns on Euro Zone’s Debt Fade - April 18, 2012 23:55

Gold futures slightly gained on Tuesday after a volatile session as the concerns over euro zone debt problems eased while US stock markets closed higher. Gold future contract for June delivery gained 0.1 percent or $1.40 to settle at $1,651.10 per ounce on the Comex division of the New York Mercantile Exchange. Gold plunged in […]

Gold Futures Gain on Expectations of QE3 - April 13, 2012 23:49

Gold futures gained on Thursday in reaction to weaker greenback rumors of another round of quantitative easing surfaced. US Federal Reserve officials, William Dudley and Janet Yellen disclosed that the central bank will keep the option of further quantitative easing open. Now the gold investors were investing on the hopes that more quantitative easing will […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]

Crude Oil Falls on Dollar Strength - April 4, 2012 23:54

Crude oil futures declined on Tuesday as the latest minutes of US Federal Reserve’s meeting revealed no chances of further easing in monetary policy. The news strengthened the US dollar making commodities and crude oil less attractive. The dollar index DXY which tracks the US dollar movement against the basket of its six major rivals […]

Gold Futures Decline on Chinese Data - March 23, 2012 23:55

Gold futures contract fell on Thursday and reached their lowest in last nine weeks. The precious metal remained lower after the less than expected Chinese manufacturing data. HSBC’s manufacturing managers’ index for China fell to its lowest in last four months in the month of March. China happens to be the top consumer of natural […]

Gold Futures Fell on Demand Uncertainty - March 21, 2012 23:53

Gold futures contract declined on Tuesday as investors were concerned over the demand of the precious metal due to economic slowdown in China. BHP’s president Ian Ashby said on Tuesday in Perth that China’s demand for iron ore is decreasing which will eventually settle down to a single digit figure. The notion created a panic […]