Gold Futures Decline as ECB Cuts Interest Rate - July 6, 2012 23:58

Gold futures fell on Thursday in reaction to moves of the ECB and the Bank of England which created worries for global economy.  The European Central Bank announced reduction in the key interest rate while the Bank of England opted for further easing measures. Though the move of European Central Bank was highly anticipated by […]

Gold Futures Plunge on US Fed’s Operation Twist Program - June 21, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to the US Federal Reserve’s decision to continue its “Operation Twist” program till the end of the current year. US Fed’s “Operation Twist” program comprises of twisting the yield curve by selling short term securities while buying long term securities. The US Federal Reserve also decided to […]

Gold Gains on Weak Inflation data - June 16, 2012 0:00

Gold futures jumped on Thursday extending its rally for the fifth consecutive session. Weak inflation data and expectations of another round of quantitative easing by US Federal Reserve boosted the safe haven status of the precious metal. Gold futures contract for August delivery gained $0.20 to settle at $1,619.60 per ounce on the Comex division […]

Gold Jumps on Weak US Productivity Numbers - June 7, 2012 23:58

Gold futures gained on Wednesday to close at their highest level in last month in reaction to lower than expected US productivity data which resulted into weaker greenback. Moreover investors were also optimistic on the ECB’s decision to go for monetary policy to curb the region’s economic crisis. Gold futures contract for August delivery gained […]

Gold Futures Decline on Weak Economic Data - June 1, 2012 23:58

Gold futures fell on Thursday in reaction to lower than expected US economic data which also affected the US stock markets. As per the latest data, payrolls in private sector increased by 133,000 in May as compared to expected increase of 150,000. Moreover, the US Commerce Department also released its data on jobless claims which […]

Gold Futures Gain on Technical Support Levels - May 31, 2012 23:58

Gold futures gained on Wednesday despite stronger US dollar. The precious metal remained volatile in the whole session and was lower in the start of the session however recovered later as it reached very attractive levels for investors to make a fresh entry. According to analysts, gold witnessed at technical bounce on the support level […]

Gold Futures Climbs Despite Higher US Dollar - May 25, 2012 23:58

Gold futures contract gained on Thursday despite several negative impacts to push the precious metal back to negative territory. Gold futures contract for June delivery surged 0.6 percent or $9.10 to settle at $1,557.50 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday high of $1,577.70 […]

Gold Futures Decline on Lower Euro Zone Outlook - May 23, 2012 23:42

Gold futures declined on Tuesday in reaction to raised worries on latest lowered outlook on euro zone’s economic growth and downgraded credit rating for Japan. Fitch recently downgraded Japan’s rating to A+ on Tuesday. Fitch maintains its negative outlook on Japan’s credit rating due to high public debt levels. Further to create uncertainty among investors, […]

Gold Futures Recover from Lowest in 10 Months - May 18, 2012 23:57

Gold futures gained on Thursday as investors took fresh positions in the precious metal due to its attractive levels. Gold futures contract for June delivery surged 2.5 percent or $38.30 to settle at $1,574.90 per ounce on the Comex division of the New York Mercantile Exchange. Analysts see technical support for the precious metal around […]