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 […]

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, […]

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 […]

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 […]

Gold Soars on Wednesday but Stays below the Psychological Barrier of $1,800 - August 18, 2011 23:59

Gold futures reached their record on Wednesday but remained below the mark of $1,800. Gold futures contract December delivery surged 0.5 percent or $8.80 to settle at $1,793.80 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched its intraday high of 1,797.60 per ounce on Wednesday. Investors took fresh positions […]

Gold Futures Reach Record Levels on US Monetary Policy - August 10, 2011 23:53

Gold futures reached their record levels on Tuesday as US dollar weakened in reaction to latest Federal Reserve’s meeting. The US Federal Reserve’s Open Market Committee decided not to change the interest rates due to sluggish economic growth. This resulted in shift of focus to safe haven investments such as gold. Gold futures contract for […]

Crude Oil Plunges on Increased Supply - August 5, 2011 23:58

Crude Oil futures declined on Thursday and reached their lowest level since February. The main reason behind the decline was latest inventories data which increased more than expectations. The Energy Information Administration reported the increase of 44 billion cubic feet for the natural gas inventories as compared to forecasted increase of 32 billion cubic feet. […]

Gold Futures Decline on Thursday as US dollar Strengthens - July 29, 2011 23:52

Gold futures declined on Thursday after reaching record levels in earlier sessions. The appreciation o fUS dollar was the main reason behind the bullish sentiments for gold. The dollar index DXY which measures the US dollar movement against its major six rival currencies gained to 74.209 on Thursday as compared to 74.088 on Wednesday’s late […]

Gold finally faces Correction on Wednesday - July 28, 2011 19:19

Gold futures settled lower on Wednesday as the investors opted for profit taking after series of bullish gold sessions. Gold futures contract for August delivery declined 0.1 percent or $1.70 to $1,615.10 per ounce at Comex trading of New York Mercantile Exchange.  The respective contract touched the day’s high of $1,628 but later fell to […]