Posts Tagged ‘CME Group’
Gold and Oil News - August 25, 2011 23:56
Gold plunges on Wednesday as Investors opt for Profit Taking
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 […]
Base Metals Decline as the Greenback Strengthens
Base metals remained under pressure on Wednesday as traders were uncertain over sovereign debt situation of Greece which resulted in weakening of the 17-nations shared currency. Gold futures contract for June delivery dropped 1 percent or $15.50 to $1,501.40 per ounce on Comex trading session of New York Mercantile Exchange. Silver futures contract for July […]
Crude Oil Futures Declines as CME Group Raises Trading Limits
Selling pressure was seen in trading of crude oil futures as CME Group raised trading limits for several energy contracts after halting the trading session in New York. The sudden step by CME Group was taken in reaction to increase in US oil stockpiles. Crude oil futures contract for June delivery plunged to $97.50 per […]
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