Posts Tagged ‘Gold futures contract’
Gold and Oil News - November 7, 2012 22:11
Commodities Taken to Woodshed In Election Bloodbath
Equities have put in one of the worst days they’ve had in months today on the news that Barack Obama survived his recall vote yesterday. Tax rates on dividends and capital gains are likely to rise and the fiscal cliff is approaching rapidly. The truth is that there was little substantive difference between the two [...]
Markets Closed, Gold Drifts Sideways
With Halloween falling on a Wednesday this year this may be another opportunity for some kind of dislocation in the Gold market as the November contract expires on that day. I say this because of what happened the last time the month ended on a Wednesday, the Leap Day massacre that dropped Gold by more [...]
Gold Declines ahead of ECB Meeting
Gold futures fell on Wednesday as investors had mixed opinions before the meeting of European Central Bank on Thursday. Investors are also keenly waiting of US jobs data due on Friday. Gold futures contract for December delivery fell 0.1 percent or $2 to settle at $1,694 per ounce on the Comex division of the New [...]
Gold Declines after ISM’s Manufacturing Data
Gold futures ended lower on Tuesday in reaction to the better than expected US manufacturing data for the month of April. Gold remained volatile the whole session and actually was in positive zone before the release of ISM’s index. Gold futures contract for June delivery fell 0.1 percent or $1.80 to settle at $1,662.40 per [...]
Gold Futures Remain Bearish as Greenback Strengthens
Gold futures remained under pressure of the third consecutive session on Tuesday as the Greece’s bailout package negotiations were postponed while the US dollar gained in reaction to week weak US retail sales data. Gold futures contract for April delivery declined 0.4 percent or $7.20 to settle at $1,717.70 per ounce on the Comex division [...]
Gold Futures Rally as the Greenback Weakens
Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest. Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventually impact [...]
Gold Futures Jump in Reaction to Weaker Greenback
Gold futures rallied on Tuesday and ended on highest level for the week in reaction to weakening US dollar. Commodities are negative correlated with US dollar and perform while the dollar falls as it makes commodities cheaper for investors of other currencies. Gold futures contract for February delivery gained 2.2 percent or $33.70 to settle [...]
Gold Futures Gain on Positive US Economic Data
Gold futures remained steady on Thursday in reaction to positive US jobs data and better than expected consumer sentiment. As per the latest data of US Labor Department, the jobless claims declined 4,000 to a seasonally adjusted figure of 364,000 for the week ending December 17th, 2011. The Conference Board disclosed that the US economy [...]