Gold Futures Gain after Four Day losing Streak - December 16, 2011 23:57

Gold futures finally recovered on Friday after four consecutive bearish sessions. Gold futures contract for February delivery gained 1.3 percent or $20.70 to $1,597.90 on Comex trading of the New York Mercantile Exchange. Gold futures contract lost almost $140 in its last four bearish sessions however is now expected to cross $1,600 per ounce. Gold […]

Gold Futures Settle Lower after a Strong Rally - December 2, 2011 23:57

Gold futures witnessed correction on Thursday as the investors went of profit taking. Gold futures contract for February delivery fell 0.6 percent or $10.50 to settle at $1,739.80 on Comex trading of the New York Mercantile Exchange. Gold futures rallied on earlier session in reaction to positive move of central banks around the globe to […]

Gold Futures Keep Rallying - November 30, 2011 23:52

Gold futures sustained their bullish rally for the consecutive second day on Tuesday on its safe haven status. Gold futures contract for December delivery gained 0.2 percent or $2.60 to settle at $1,713.40 per ounce on Comex trading of the New York Mercantile Exchange. However some of the analysts were of the opinion that investors […]

NYMEX Trading: Crude Oil Post Slight Gains while Gold ends Lower - November 25, 2011 23:24

Crude oil futures slightly gained on Friday after a volatile session on Friday. Analysts attributed rising US dollar as the reason for pressure on commodities. The dollar index DXY which measures the greenback’s performance against its six major rival currencies gained to 79.607 on Friday as compared to 79.099 on Wednesday’s North American trading session. […]

Gold Futures Fell to Record Low in Four Weeks - November 22, 2011 23:57

Gold futures fell to their lowest in four weeks on Monday as investors were uncertain over the euro zone debt situation and failure of talks of deficit reduction panel in United States. Gold futures contract for December delivery fell 2.7 percent or $46.40 to settle at $1,678.60 per ounce on the Comex trading of the […]

Gold Futures Fell 3.1 percent on Thursday - November 18, 2011 23:57

Gold futures reported a heavy decline on Thursday despite its safe haven status and increased demand for the third quarter. Gold futures contract for December delivery plunged 3.1 percent or $54.10 to settle at $1,720.20 per ounce on the Comex trading or the New York Mercantile Exchange. Many analysts were of the opinion that gold […]

Gold Jumps on its Safe Haven Status - November 8, 2011 23:52

Gold futures gained on Monday as investors turned their focus towards the precious metal’s safe haven status. Uncertainty in the market was widely seen over euro zone’s sovereign debt crisis after Germany decided not to use to its gold reserves for the region’s bailout program. Editor, Brien Lundin from Gold Newsletter commented, “The reports that […]

Gold Futures Jump to Record Level in last Six Weeks - November 4, 2011 23:47

Gold futures moved in a bullish rally and jumped to their record high in last six weeks. Gold mainly appreciated on its safe haven status in reaction to mixed US economic data and euro zone’s debt situation. Gold futures contract for December delivery jumped 2.1 percent or $35.50 to $1,765.10 per ounce at the Comex […]

Gold Futures Keep Rallying on Greece’s Debt Crisis - November 3, 2011 23:57

Gold futures gained on Wednesday in reaction to the uncertainty surrounding Greece’s sovereign debt situation. Gold futures further rallied on its safe haven status after the US Federal Reserve reduced it outlook for this year’s growth. Senior metals analyst, Peter Grant from USAGold-Centennial Precious Metals Inc commented, “The Federal Open Market Committee policy statement was […]