Gold Futures witness Correction after Reaching the Record High - April 2, 2011 0:16

Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]

Gold Faces Further Correction despite its Safe Haven Status - March 29, 2011 17:52

Basic metals remained under pressure on Tuesday’s overnight trading session as investors and traders went profit taking in gold futures which settled around $1,413 per ounce. The gold future contract for April delivery declined $6.20 to $1,413 per ounce on Tuesday’s Asian trading session at electronic trading of Globex. According to experts the investors went […]

Gold Futures Reach their Record High - March 24, 2011 13:26

Gold futures traded on heavy bullish rally on Wednesday’s trading session. Investors were uncertain due to increasing crude oil prices and were expecting high inflation. Traders shifted their focus to safe haven investments in reaction to political crisis and riots in Libya and Middle East. Moreover situation in Japan has further added to surge of […]

Crude Oil remains stable on Wednesday’s Asian Trading Session - March 23, 2011 11:21

Stability was witnessed in trading of crude oil futures on Wednesday’s Asian trading session as investors are closely watching the political crisis in Libya and other Middle Eastern countries. Crude oil future contract for May delivery remained the most active and slightly declined $0.07 to $104.90 per barrel on Globex trading session. The contract reached […]

Gold Advances on Middle East Political Crisis - March 2, 2011 14:42

Gold futures posted gains in Asian trading session on Tuesday on fears of escalating tensions in North Africa and Middle East. Investors are shifting their focus towards the gold due to safe haven and risk free status. Analysts from Barclays Capital commented, “Continued geopolitical turmoil across the Middle East and North Africa region has boosted […]

Crude Oil Posts Its Highest Weekly Gain Since September 2008 - February 27, 2011 14:36

The US crude oil future surged on Friday and reported the highest weekly gain since September 2008 over political turmoil and escalating riots in Libya. On Thursday the crude oil price reached their highest in last 2.5 years.

Gold Futures Advance in Reaction to Political Unrest in Libya - February 26, 2011 1:43

Gold futures gained in electronic trading at Comex division of New York Mercantile Exchange as the riots and political unrest escalates in Libya. Gold futures contract for February delivery moved up 0.1 percent to $1,415 per ounce on Thursday’s Asian trading session. The crisis and clashes of public with government in Libya has made investors […]