Gold Jumps as Greenback Weakens - January 18, 2012 23:59

Gold futures jumped on Tuesday as the greenback weakened on the Tuesday. Moreover the escalating concerns over Europe’s debt further boosted the safe haven status of the gold. The gold futures contract for February delivery gained 1.5 percent or $24.80 to settle at $1,655.60 per ounce on the Comex trading or the New York Mercantile […]

Gold Futures Gain on Positive US Economic Data - December 23, 2011 23:55

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 […]

Gold Futures Gain after Four Day losing Streak - December 16, 2011 23:57

Gold futures finally recovered on Friday after four consecutive bearish sessions. Gold futures contract for February delivery gained 1.3 percent or $20.70 to $1,597.90 on Comex trading of the New York Mercantile Exchange. Gold futures contract lost almost $140 in its last four bearish sessions however is now expected to cross $1,600 per ounce. Gold […]

Gold Futures Plunge as Germany Objects to Higher Limits of Bailout Fund - December 14, 2011 23:49

Gold futures plunged almost $30 on Wednesday’s Asian trading session as German Chancellor Angela Merkel objected on the proposal on increasing the limit of bailout fund for the euro zone. Gold futures contract for February delivery plunged 1.8 percent or $29.10 to $1,634 per ounce on electronic trading session of New York Mercantile Exchange while […]

Gold Futures Settle Lower after a Strong Rally - December 2, 2011 23:57

Gold futures witnessed correction on Thursday as the investors went of profit taking. Gold futures contract for February delivery fell 0.6 percent or $10.50 to settle at $1,739.80 on Comex trading of the New York Mercantile Exchange. Gold futures rallied on earlier session in reaction to positive move of central banks around the globe to […]

Gold Futures Keep Rallying - November 30, 2011 23:52

Gold futures sustained their bullish rally for the consecutive second day on Tuesday on its safe haven status. Gold futures contract for December delivery gained 0.2 percent or $2.60 to settle at $1,713.40 per ounce on Comex trading of the New York Mercantile Exchange. However some of the analysts were of the opinion that investors […]

Gold Futures Fell to Record Low in Four Weeks - November 22, 2011 23:57

Gold futures fell to their lowest in four weeks on Monday as investors were uncertain over the euro zone debt situation and failure of talks of deficit reduction panel in United States. Gold futures contract for December delivery fell 2.7 percent or $46.40 to settle at $1,678.60 per ounce on the Comex trading of the […]

Gold Jumps on its Safe Haven Status - November 8, 2011 23:52

Gold futures gained on Monday as investors turned their focus towards the precious metal’s safe haven status. Uncertainty in the market was widely seen over euro zone’s sovereign debt crisis after Germany decided not to use to its gold reserves for the region’s bailout program. Editor, Brien Lundin from Gold Newsletter commented, “The reports that […]

Gold Futures Keep Rallying on Greece’s Debt Crisis - November 3, 2011 23:57

Gold futures gained on Wednesday in reaction to the uncertainty surrounding Greece’s sovereign debt situation. Gold futures further rallied on its safe haven status after the US Federal Reserve reduced it outlook for this year’s growth. Senior metals analyst, Peter Grant from USAGold-Centennial Precious Metals Inc commented, “The Federal Open Market Committee policy statement was […]