Gold Declines after ISM’s Manufacturing Data - May 2, 2012 23:51

Gold futures ended lower on Tuesday in reaction to the better than expected US manufacturing data for the month of April. Gold remained volatile the whole session and actually was in positive zone before the release of ISM’s index. Gold futures contract for June delivery fell 0.1 percent or $1.80 to settle at $1,662.40 per […]

Gold Futures Ended Lower for the Month - May 1, 2012 23:53

Gold futures remained lower on Monday and also posted loss for the month. The gold futures contract for June delivery slightly fell by 0.1 percent or $0.60 to settle at $1,664.20 per ounce on the Comex division of the New York Mercantile Exchange. For the month the precious metal was down by 0.5 percent. Gold […]

Gold Declines on Euro Zone Concerns - April 24, 2012 23:59

Gold futures ended lower on Monday as the political and economic situation in euro zone raised many questions among the investors. Gold futures contract for June delivery plunged 0.6 percent or $10.20 to settle at $1,632.20 per ounce on the Comex division of the New York Mercantile Exchange. Investors were concerned ahead of the French […]

Gold Slightly Gains as Concerns on Euro Zone’s Debt Fade - April 18, 2012 23:55

Gold futures slightly gained on Tuesday after a volatile session as the concerns over euro zone debt problems eased while US stock markets closed higher. Gold future contract for June delivery gained 0.1 percent or $1.40 to settle at $1,651.10 per ounce on the Comex division of the New York Mercantile Exchange. Gold plunged in […]

Gold Futures Fell on Better US Economic Data - April 17, 2012 23:56

Gold futures fell on Monday as the US dollar strengthened in reaction better than expected US economic data.  Data on US retail sales came upbeat reporting a surprise increase of 0.8 percent for the third consecutive month. Investors were also attracted towards the safe haven status of the precious metal due to debt crisis in […]

Gold Futures Gain on Expectations of QE3 - April 13, 2012 23:49

Gold futures gained on Thursday in reaction to weaker greenback rumors of another round of quantitative easing surfaced. US Federal Reserve officials, William Dudley and Janet Yellen disclosed that the central bank will keep the option of further quantitative easing open. Now the gold investors were investing on the hopes that more quantitative easing will […]

Gold Futures Decline on Profit Taking - April 12, 2012 22:50

Gold futures fell on Wednesday as the investors went for profit taking after three consecutive bullish sessions at Comex. The precious metal remained volatile in the whole session and closed lower as it was looking for direction in search of news headlines. Gold futures contract for June delivery declined $0.40 to settle at $1,660.30 per […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]

Gold Declines on Release of Fed Meeting Minutes - April 4, 2012 23:56

Gold fell on Tuesday in reaction to the minutes of latest FOMC meeting which created high demand for the greenback while lower demand for the precious metal. According to the latest minutes of US Fed’s monetary policy meeting, majority of the officials voted against further easing measures. The gold futures contract for June delivery declined […]