Gold Futures Jump Beyond $1,800 Level on Tuesday - September 21, 2011 23:52

Gold futures moved in bullish rally on Tuesday and crossed the psychological barrier of $1,800 in reaction to uncertainty over euro zone’s sovereign debt crisis. Investors were also very keen about the latest US Federal Reserve meeting and were hoping for significant measures to improve the US economy. Analyst Tom Pawlicki from MF Global in […]

Crude Oil Futures Decline on Thursday as Fed Fails to come with Solution for US Economy - September 9, 2011 23:49

Crude oil futures fell on Thursday on doubts over US economy. Investors were disappointed as US Federal Reserve’s Chairman Ben Bernanke failed to come up with any proper solution to boost US economy. Crude oil futures contract for October delivery fell 0.3 percent or $0.29 to settle at $89.05 per barrel on New York Mercantile […]

Gold Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]

Crude Oil Futures fell on Tuesday in Reaction to Stronger Greenback - September 7, 2011 23:32

Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange. The respective contract posted slight gains on the news of […]

Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday - September 7, 2011 23:32

Gold futures reached their record level of $1,923.70 per ounce on Tuesday but closed lower on profit taking. Gold benefited cause of its safe haven status in reaction to sovereign debt crisis in euro zone and over expectations of another round of monetary easing in US. Gold futures contract for December delivery fell 0.2 percent […]

Gold Futures Falls on Stronger US dollar - September 2, 2011 23:56

Gold futures contract declined on Thursday after major bullish rally of last two days. Gold saw some pressure due to stronger US dollar. Gold futures contract for December contract fell 0.1 percent or $2.60 to $1,829.10 per ounce on Comex trading of the New York Mercantile Exchange. Senior market strategist, Adam Klopfenstein from MF Global […]

Crude Oil Futures Slightly Gain in Reaction to Better than Expected manufacturing Data - September 2, 2011 23:28

Crude oil futures slightly gained on Thursday in reaction to better than expected US and Chinese manufacturing data. China’s manufacturing data turned out to be better than expected as China’s Purchasing Mangers’ Index gained to 50.9 for the month of August as compared to 50.7 in the month of July. Analysts expected manufacturing index to […]

Gold gives the Best Performance in August since November 2009 - September 2, 2011 0:00

Gold futures remained in positive zone on Wednesday and recorded gain of 12 percent of the month of August which happens to be highest monthly gain since November 2009. Gold futures contract for December delivery gained 0.1 percent or $1.90 to $1,831.70 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Crude Oil Futures Decline on Increased Supply - September 1, 2011 23:39

Crude oil futures gained on Wednesday as inventories increased as per latest report of Energy Information Administration. According to the latest data of EIA, crude oil inventories increased by 5.3 million barrels for the week, whereas analysts expected the decline of 1.2 million barrels. As per data on Bentz the Cushing crude stocks declined by […]