Gold Futures Recover on Tuesday after Three Consistent Bearish Trends - June 29, 2011 23:28

Gold futures gained on Tuesday and crossed the level of $1,500 per ounce as investors got optimistic for the base metals due to resolution for Greece’s sovereign debt crisis. Gold futures contract for August delivery gained 0.3 percent or $3.80 to $1,500.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Base Metals Decline as the Greenback Strengthens - May 12, 2011 0:57

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 […]

Gold Futures Move in Bullish Rally for Third Consecutive Day - April 7, 2011 23:49

Gold futures remained bullish on Thursday and posted gains for three consecutive days. The gold future contract made its intraday record high in last 31 years.  Uncertainty grew over the sovereign debt problems in Europe, moreover higher inflationary pressures made investors shift their focus towards the safe haven status of Gold. However many experts believe […]

Gold Futures witness Correction after Reaching the Record High - April 2, 2011 0:16

Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]

Gold Faces Further Correction despite its Safe Haven Status - March 29, 2011 17:52

Basic metals remained under pressure on Tuesday’s overnight trading session as investors and traders went profit taking in gold futures which settled around $1,413 per ounce. The gold future contract for April delivery declined $6.20 to $1,413 per ounce on Tuesday’s Asian trading session at electronic trading of Globex. According to experts the investors went […]

Gold Futures Reach their Record High - March 24, 2011 13:26

Gold futures traded on heavy bullish rally on Wednesday’s trading session. Investors were uncertain due to increasing crude oil prices and were expecting high inflation. Traders shifted their focus to safe haven investments in reaction to political crisis and riots in Libya and Middle East. Moreover situation in Japan has further added to surge of […]

Gold Advances on Middle East Political Crisis - March 2, 2011 14:42

Gold futures posted gains in Asian trading session on Tuesday on fears of escalating tensions in North Africa and Middle East. Investors are shifting their focus towards the gold due to safe haven and risk free status. Analysts from Barclays Capital commented, “Continued geopolitical turmoil across the Middle East and North Africa region has boosted […]

Gold Futures Advance in Reaction to Political Unrest in Libya - February 26, 2011 1:43

Gold futures gained in electronic trading at Comex division of New York Mercantile Exchange as the riots and political unrest escalates in Libya. Gold futures contract for February delivery moved up 0.1 percent to $1,415 per ounce on Thursday’s Asian trading session. The crisis and clashes of public with government in Libya has made investors […]