Gold Futures Decline with Low Trading Volumes - December 27, 2011 23:55

Gold futures remained under pressure on Tuesday’s in reaction to low trading activity. Gold futures contract for February delivery declined below $1,600 benchmark to $1,595 per ounce on Asian trading session of Comex on Monday. The respective contract closed on $1,609 per ounce on Monday. However, today despite weaker greenback as the dollar index DXY […]

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 […]

Crude Oil Jumps in Reaction to Decrease in Inventories Data - December 22, 2011 23:53

Crude oil inventories decreased as per the latest data of Energy Information Administration which resulted in appreciation of crude oil futures. EIA reported the decrease of 10.6 million barrels in crude oil inventories for the week ended December 16th, 2011. While analysts expected the crude oil stockpiles to declined by 2.25 million barrels. On Tuesday, […]

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 […]

Crude Oil Futures Decline in Reaction to Increase in Supplies Data - December 15, 2011 23:56

Crude oil futures remained under pressure on Wednesday in reaction to stronger US dollar crude oil inventories increased. According to the latest report of the Energy Information Administration, crude oil inventories fell by 1.9 million barrels for the week ending December 9th, 2011 while analysts forecasted the decline of 2 million barrels for the respective […]

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 […]

EIA Reports Increase in Crude Oil Inventories - December 8, 2011 23:57

EIA reported increase in crude oil inventories on Wednesday in reaction to which crude oil futures remained under pressure at NYMEX. As per latest report of Energy Information Administration crude oil stockpiles increased by 1.3 million barrels for the week ending December 2nd, 2011. Analysts were expecting crude oil inventories to decline by 1.3 million […]

NYMEX Remains under Pressure in Reaction to Fears of Low Credit Rating for European Union Members - December 6, 2011 23:56

Crude oil futures remained under pressure on Monday in reaction to the announcement of Standard & Poor’s credit agency for a possible credit rating cut of European Union member countries from AAA to AA+. As per the latest report of S&P, Germany, France, the Netherlands, Finland, Austria and Luxembourg were in the list of possible […]

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 […]