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 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 Gained On Friday as Euro Settles Down - June 20, 2011 9:08

Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]