Gold Gains on Weaker US Jobs Data - May 4, 2012 23:45

Gold futures ended higher on Friday as the latest weekly US jobs data disappointed investors. The gold futures contract gained 0.6 percent or $10.40 to settle at $1,645.20 per ounce on the Comex division of the New York Mercantile Exchange. Gold has gained 1.2 percent for the week. The precious metal remained volatile the whole […]

Crude Oil Supplies Up by 2.8 Million Barrels, Reports EIA - May 3, 2012 23:49

Energy Information Administration released its inventories report on Wednesday according to which crude oil inventories surprisingly increased by 2.8 million barrels for the week as compared to analysts’ expected gain of 2.5 million barrels. Though the inventories data came in line with analysts’ expectations but what really concerned the market that total oil inventories figure […]

Gold Declines after ISM’s Manufacturing Data - May 2, 2012 23:51

Gold futures ended lower on Tuesday in reaction to the better than expected US manufacturing data for the month of April. Gold remained volatile the whole session and actually was in positive zone before the release of ISM’s index. Gold futures contract for June delivery fell 0.1 percent or $1.80 to settle at $1,662.40 per […]

Crude Oil Gains on Better than Expected Manufacturing Data - May 2, 2012 23:49

Crude oil futures moved in bullish rally on Tuesday and reached their highest in last five weeks mainly backed by positive US manufacturing data. As per the latest data of the Institute of Supply Management the manufacturing index gained to 54.8 percent in month of April as compared to 53.4 percent in March. Analysts were […]

Gold Futures Ended Lower for the Month - May 1, 2012 23:53

Gold futures remained lower on Monday and also posted loss for the month. The gold futures contract for June delivery slightly fell by 0.1 percent or $0.60 to settle at $1,664.20 per ounce on the Comex division of the New York Mercantile Exchange. For the month the precious metal was down by 0.5 percent. Gold […]

Crude Oil Declines on Profit Taking - May 1, 2012 23:52

Crude oil futures ended lower on Monday finally after the consistent four bullish sessions in the last week. Investors were also concerned over the downgraded rating of Spanish bonds by Standard & Poor. Moreover, manufacturing data from Chicago area also fell to 56.2 percent in April as compared to expectations of 60.8 percent. Manufacturing gauge […]

Crude Oil Advance on US Fed Comments - April 27, 2012 23:51

Crude oil futures gained on Thursday backed by weaker US dollar which fell in reaction to comments of US Federal Reserve indicating chances of further monetary easing. Crude oil futures contract for June delivery gained 0.4 percent or $0.43 to settle at $104.55 per barrel on the New York Mercantile Exchange. Oil has kept itself […]

Gold Futures Jump on Weaker Greenback - April 27, 2012 23:49

Gold futures rallied on Thursday and reached their highest in last two weeks in reaction to weakening greenback and decision of US Federal Reserve to keep the interest rates unchanged. Gold futures contract for June delivery jumped 1.1 percent or $18.20 to settle at $1,660.50 per ounce on the Comex division of the New York […]

EIA Reports Surprise Increase in Crude Oil Stockpiles - April 26, 2012 23:54

Energy Information Administration released its weekly inventories report on Wednesday according to which crude oil inventories increased 4 million barrels for the week ended April 20th, 2012. Analysts on average expected the gain of 1.5 million barrels for the respective week. Energy Information Administration also reported gasoline inventories according to which gasoline stockpiles fell 2.2 […]