Posts Tagged ‘palladium futures contract’
Gold and Oil News - November 2, 2011 23:56
Gold Remains Bearish on Greece’s Debt Situation
Gold futures remained bearish for the third consecutive day on Tuesday in reaction to announcement of Greece for a referendum on its bailout package. Moreover less than expected US manufacturing data also created uncertainty among investors. ISM’s manufacturing index declined to 50.8 percent for the month of October as compared to 51.6 percent in the [...]
Precious Metals Surge to Highest Level in One Month
Gold and silver futures moved in a bullish rally on Tuesday and reached their highest in one month. Gold futures contract for December delivery jumped 2.9 percent or $48.10 to settle at $1,700.40 per ounce at the Comex trading session of the New York Mercantile Exchange. This was the highest settlement since September 22nd, 2011. [...]
Gold Futures Gains after Increase in ADP Payrolls Data
Gold futures contract gained on Wednesday in reaction to increased ADP payrolls data which surged to 91,000 for the mo nth of September as compared to 89,000 for the month of August. Most of analysts now believe that gold is going to keep moving in bullish rally and will cross the benchmark of $1,700 per [...]
Gold Futures Fell on Tuesday in Reaction to Bernanke Comments
Gold futures declined on Tuesday in reaction to recent comments by US Federal Reserve Ben Bernanke in which he showed his concerns over weak economic growth and sluggish employment rate for US. Investor shifted their focus from safe haven status of gold as many expected strong deflationary pressures for the futures. Bernanke commented, “Recent indicators, [...]
Base Metals Fell as Investors went for Profit Taking
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 Plunge In Reaction to Stronger Greenback
Gold futures declined on Thursday in reaction to stronger US dollar. Investors were also uncertain over China’s disappointing manufacturing sentiment index and effectiveness of US Federal Reserve decision for bond swap program over the economy. Gold futures contract for December delivery declined 3.7 percent or $66.40 to $1,741.70 per ounce on the Comes trading of [...]
Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday
Gold futures reached their record level of $1,923.70 per ounce on Tuesday but closed lower on profit taking. Gold benefited cause of its safe haven status in reaction to sovereign debt crisis in euro zone and over expectations of another round of monetary easing in US. Gold futures contract for December delivery fell 0.2 percent [...]
Gold Futures Falls on Stronger US dollar
Gold futures contract declined on Thursday after major bullish rally of last two days. Gold saw some pressure due to stronger US dollar. Gold futures contract for December contract fell 0.1 percent or $2.60 to $1,829.10 per ounce on Comex trading of the New York Mercantile Exchange. Senior market strategist, Adam Klopfenstein from MF Global [...]
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