Gold Futures Decline as Investors Opt for Profit Taking - March 28, 2012 23:54

Gold futures declined on Tuesday as investors went for profit taking. The precious metal gained consistently for last two sessions and almost touched the benchmark of $1,700 per ounce which intrigued investors to realize profits. Gold futures surged 1.4 percent on Monday’s trading session in reaction to US Fed’s Chairman, Ben Bernanke who showed his […]

Gold Rally Reaches its Record - August 11, 2011 23:40

Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy.  Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]

Gold Futures find Resistance at $1,600 per Ounce - July 21, 2011 22:06

Gold futures saw resistance at $1,600 per ounce on Wednesday after the positive development on US and euro zone’s debt situation. Senior market strategist, Adam Klopfenstein from Lind-Waldock in Chicago commented, “Optimism towards the budget and the debt-ceiling pulled gold lower,” he further added, “There’s still a lot of risk factors in the global economy.” […]