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 […]

Gold Futures Gain 2 percent on their Safe Haven Status - August 31, 2011 23:58

Gold futures gained on Tuesday as investors were uncertain on surging US stock markets and global economy. Investors shifted their focus towards the safe haven status of gold. Senior market strategist, Charles Nedoss, from Olympus Futures in Chicago commented, “It all comes to disbelief the [Standard & Poor’s 500 Index] will hold up at 1,200, […]

Crude Oil Futures Jumps on Tuesday on Positive Demand Outlook - August 31, 2011 23:37

Crude oil futures gained on Tuesday as investors were optimistic about oil futures demand. The latest economic data also remained mixed, as the consumer confidence index declined to 44.5 for the month of August as compared to 59.2 in July. However Case Shiller home price index gained 1.1 percent. Crude oil futures contract for October […]

Gold plunges on Wednesday as Investors opt for Profit Taking - August 25, 2011 23:56

After series of bullish rallies, gold futures finally saw correction on Wednesday and reported its highest fall since March 2008. Gold futures contract for December delivery plunged 5.6 percent or $104 to settle at $1,757.30 per ounce on the Comex division of the New York Mercantile Exchange. Most of the analysts believe that gold futures […]

Crude Oil gains on Tuesday in reaction to Bullish Stock markets - August 24, 2011 23:58

Crude oil futures surged on Tuesday in reaction to performing US stock markets. Crude oil futures for October delivery jumped 1.2 percent or $1.02 to settle at $85.44 per barrel on New York Mercantile Exchange. London’s Brent crude for October also surged 0.9 percent or $0.95 to $109.31 per barrel on ICE Futures exchange. Stock […]

Gold Futures Witness Correction - August 24, 2011 23:44

Gold futures fell on Tuesday as most investors went for profit taking. Gold futures contract for December delivery declined 1.6 percent or $30.60 to settle at $1,861.30 per ounce at Comex trading of New York Mercantile Exchange.  Most of analysts believe that gold contract is likely of find support at $1,850 per ounce. Pundits think […]

Gold Makes New Record Investors looking at $2,000 per ounce for the Next Week - August 19, 2011 23:49

Gold futures made new record on Friday as investors shifted their focus towards the safe haven status of the metal in reaction of weakening US dollar.  Gold futures contract for December delivery gained 1.7 percent or $30.20 to settle at $1,852.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched […]

Crude Oil witnesses Correction on Weaker Greenback - August 19, 2011 23:28

Crude oil futures declined on Friday in reaction to weaker US dollar and bearish closing at Wall Street.  Crude oil futures contract for September delivery fell 0.2 percent or $0.12 to settle at $82.26 per barrel on New York Mercantile Exchange. The respective contract reached the day’s low of $79.17 per barrel while plunged 3.7 […]