Copper Prices Sliding On Chinese Slowdown Concerns - April 26, 2022 17:44

Major concerns were raised on Monday on continued demand from China which sent the copper price and main industrial metals sliding yesterday. Covid continues to be a pest in China, with lockdowns in major cities and ports suffering backlogs of unloading ships. After China promised more support to revive an economy which has been ravaged […]

Gold Declines on Global Economic Concerns - October 10, 2012 21:50

Gold futures fell on Tuesday due to rising concerns over global economic scenario. While stronger dollar also kept commodities under pressure, investors were also more focused on corporate earnings. Gold futures contract for December delivery fell 0.6 percent or $10.70 to settle at $1,765 per ounce on the Comex division of the New York Mercantile […]

Gold Futures Plunge on US Fed’s Operation Twist Program - June 21, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to the US Federal Reserve’s decision to continue its “Operation Twist” program till the end of the current year. US Fed’s “Operation Twist” program comprises of twisting the yield curve by selling short term securities while buying long term securities. The US Federal Reserve also decided to […]

Gold Gains on Weak Inflation data - June 16, 2012 0:00

Gold futures jumped on Thursday extending its rally for the fifth consecutive session. Weak inflation data and expectations of another round of quantitative easing by US Federal Reserve boosted the safe haven status of the precious metal. Gold futures contract for August delivery gained $0.20 to settle at $1,619.60 per ounce on the Comex division […]

Gold Futures Decline on Weak Economic Data - June 1, 2012 23:58

Gold futures fell on Thursday in reaction to lower than expected US economic data which also affected the US stock markets. As per the latest data, payrolls in private sector increased by 133,000 in May as compared to expected increase of 150,000. Moreover, the US Commerce Department also released its data on jobless claims which […]

Gold Ends Higher on Eased Concerns over Europe’s Banking Sector - May 11, 2012 23:54

Gold futures gained on Thursday in reaction to eased tensions over the European banking sector. Moreover weak US economic data kept the greenback under pressure which eventually supported the commodities. Gold futures contract for June delivery gained 0.1 percent or $1.30 to settle at $1,595.50 per ounce on the Comex division of the New York […]

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 Decline on Chinese Data - March 23, 2012 23:55

Gold futures contract fell on Thursday and reached their lowest in last nine weeks. The precious metal remained lower after the less than expected Chinese manufacturing data. HSBC’s manufacturing managers’ index for China fell to its lowest in last four months in the month of March. China happens to be the top consumer of natural […]

Gold Futures Fall on Disappointing Economic Data - March 6, 2012 23:55

Gold futures declined on Monday in reaction to negative economic data from euro zone, United States and the China. ISM’s manufacturing index gained to 57.3 percent for February as compared to 56.8 percent in prior month. Factory orders declined 1 percent for January according to the US Commerce Department. China also lowered its economic growth […]