Crude Oil Futures Keep Rallying over Euro Zone’s Debt Crisis - November 9, 2011 23:30

Crude oil futures gained on Tuesday in reaction to euro zone’s sovereign debt problems. Crude oil futures contract for December delivery gained 1.3 percent or $1.28 to settle at $96.80 on the New York Mercantile Exchange. Other than worries over euro zone’s debt crisis the markets were also concerned over Iran’s nuclear weapons capabilities and […]

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 […]

Crude Oil Jumps on Reduced US Jobless Claims - November 4, 2011 23:56

Crude oil futures rallied on Thursday in reaction to reduction in US jobless claims. As per latest data of the US Labor Department, initial jobless claims fell 9,000 to 397,000 for the week ending October 29th, 2011. Moreover, Greece decided to cancel the referendum for its bailout package while European Central Bank announced reduction in […]

Gold Futures Jump to Record Level in last Six Weeks - November 4, 2011 23:47

Gold futures moved in a bullish rally and jumped to their record high in last six weeks. Gold mainly appreciated on its safe haven status in reaction to mixed US economic data and euro zone’s debt situation. Gold futures contract for December delivery jumped 2.1 percent or $35.50 to $1,765.10 per ounce at the Comex […]

EIA Report Unexpected Increase in Oil Inventories - November 3, 2011 23:58

Crude oil futures slightly gained on Wednesday after an unexpected increase in oil inventories reported by Energy Information Administration. Crude oil futures contract for December delivery gained 0.4 percent or $0.32 to $92.51 per barrel on the New York Mercantile Exchange. Crude oil futures were also under pressure on reduced outlook of US economy by […]

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 […]

Crude Oil Futures Decline on Greece’s Sovereign Debt Crisis - November 2, 2011 23:58

Crude oil futures declined on Tuesday in reaction to referendum decision on Greece debt crisis. Crude oil futures contract for December delivery declined 1.1 percent or $1 to settle at $92.19 per barrel on the New York Mercantile Exchange. Moreover bankruptcy of one of the largest US commodity brokers MF Global further disappointed the investors. […]

Gold Remains Bearish on Greece’s Debt Situation - November 2, 2011 23:56

Gold futures remained bearish for the third consecutive day on Tuesday in reaction to announcement of Greece for a referendum on its bailout package. Moreover less than expected US manufacturing data also created uncertainty among investors. ISM’s manufacturing index declined to 50.8 percent for the month of October as compared to 51.6 percent in the […]

Gold Futures Rally on Euro Zone’s Debt Solution - October 28, 2011 23:56

Gold futures gained on Thursday in reaction to development over solution for the euro zone’s debt crisis. Investors were optimistic for the precious metal after the news that European Union leaders finally came with a bailout figure to tackle the Greece’s sovereign debt crisis. Gold futures contract for December delivery gained 1.4 percent or $24.20 […]