Crude Oil Moves above $95 in Asian Trading Hours - June 16, 2011 20:47

Crude oil futures gained in Asian trading session on Thursday as the US dollar witnessed selling pressure. Uncertainty rose among traders over the European Union’s inability to find solution for Greece’s debt problems. Crude oil futures contract for July delivery surged 0.7 percent or $0.69 to $95.50 per barrel on New York Mercantile Exchange’s Asian […]

Gold Futures Moved in a Bullish Rally on Wednesday Triggered by High US Inflation - June 16, 2011 19:03

Gold Futures became highly attractive for investors and touched their highest in three days. The surge was in reaction to news that US core consumer prices increased with higher pace in the month of May since last three years. According to US Bureau of Labor Statistics core inflation excluding energy and food costs increased by […]

Crude Oil Futures remain Under Pressure - June 14, 2011 13:12

Crude oil futures remained under pressure on Monday and declined 2 percent as investors were uncertain about the upcoming US economic indicators. Crude oil futures contract for July delivery slipped 2 percent or $1.99 to $97.30 per barrel on New York Mercantile Exchange. Portfolio manager, James Cordier from Optionsellers.com in Florida commented, “There’s a great […]

Gold Jumps on Thursday over Expected Increase in Interest Rates by ECB - June 10, 2011 22:29

Gold futures jumped on Thursday over the expectations of interest rate hike by European Central Bank. It is expected that ECB will increase its interest rate from 1.25 percent as ECB President Trichet supported a strong stance to tackle rising inflation. Investors are now hoping that interest rates will increase by the next meeting of […]

Crude Oil Futures Gain on Tuesday ahead of OPEC Meeting - June 8, 2011 17:19

Crude oil futures gained on Tuesday as investors were optimistic on upcoming meeting of OPEC. Investors expected that OPEC member countries would go for an increase in cartel’s official output targets. Moreover weakening greenback also resulted in attraction for crude oil. Crude oil futures contract for July delivery gained 0.1 percent or $0.08 to $99.09 […]

Gold and Silver Contracts Gain on Declining Dollar - May 28, 2011 0:15

Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]

Base Metals Jump up on Euro Zone’s Debt Concerns - May 25, 2011 22:14

Gold Futures gained on Wednesday’s trading session as the US dollar rebounded after reaching its highs making base metals attractive for investors. Silver futures contract also jumped 3 percent in today’s rally. Gold futures contract for June delivery gained 0.40 percent or $5.50 to $1,528.80 per ounce in Comex trading session of New York Mercantile […]

Oil Futures gain as the Greenback Weakens - May 25, 2011 20:29

Crude oil futures gained 1 percent on Wednesday as the weakening of US dollar resulted in higher demand and supply of crude oil. As per the latest report of the Energy Information Administration oil inventories increased by 600,000 barrels for the week ended May 20th while analysts were expecting a drop of 1.6 million barrels […]

Weekly Outlook for Crude Oil - May 23, 2011 23:40

List of important events to affect the trading of crude oil futures contract are as follows: On Tuesday United States will report its new home sales index for the month of April and expect home sales to increase by 1.7 percent to 305,000 units as compared to prior forecast of 300,000 units. On Wednesday United […]