Gold Futures Fell On Thursday Failing to Attract Investors on its Safe Haven Status - October 21, 2011 23:57

Gold futures contract declined on Thursday the precious metal failed to further attract investors on its safe haven status. Gold futures contract for December delivery fell 2.1 percent or $34.10 to settle at $1,612.90 per ounce on Comex trading of the New York Mercantile Exchange. This was also the lowest since late September. Senior Market […]

Gold Futures Gain on Tuesday on Signs of Decisive Solution for European Debt Crisis - September 28, 2011 23:47

Gold futures jumped more than 3 percent on Tuesday after series of bearish sessions as rumors of permanent solution for European debt crisis were floating in the market. Gold futures contract for December delivery gained 3.6 percent or $7.70 to settle at $1,652.50 per ounce on Comex trading of the New York Mercantile Exchange. The […]

Gold Futures Jump Beyond $1,800 Level on Tuesday - September 21, 2011 23:52

Gold futures moved in bullish rally on Tuesday and crossed the psychological barrier of $1,800 in reaction to uncertainty over euro zone’s sovereign debt crisis. Investors were also very keen about the latest US Federal Reserve meeting and were hoping for significant measures to improve the US economy. Analyst Tom Pawlicki from MF Global in […]

Gold Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]

Gold gives the Best Performance in August since November 2009 - September 2, 2011 0:00

Gold futures remained in positive zone on Wednesday and recorded gain of 12 percent of the month of August which happens to be highest monthly gain since November 2009. Gold futures contract for December delivery gained 0.1 percent or $1.90 to $1,831.70 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]