Gold Futures Decline in Reaction to Euro Zone Concerns - January 10, 2012 23:50

Gold futures contract declined on Monday as the concerns over the euro zone debt situation remained the center of discussion. Despite positive comments from French President Nicolas Sarkozy and German Chancellor Angela Merkel who supported the goal of foster growth and job creation. However, the weaker greenback supported the gold prices and kept them above […]

Gold Futures Jump in Reaction to Weaker Greenback - January 4, 2012 23:55

Gold futures rallied on Tuesday and ended on highest level for the week in reaction to weakening US dollar. Commodities are negative correlated with US dollar and perform while the dollar falls as it makes commodities cheaper for investors of other currencies. Gold futures contract for February delivery gained 2.2 percent or $33.70 to settle […]

Gold Futures Gain on Positive US Economic Data - December 23, 2011 23:55

Gold futures remained steady on Thursday in reaction to positive US jobs data and better than expected consumer sentiment.  As per the latest data of US Labor Department, the jobless claims declined 4,000 to a seasonally adjusted figure of 364,000 for the week ending December 17th, 2011. The Conference Board disclosed that the US economy […]

Gold Futures Plunge as Germany Objects to Higher Limits of Bailout Fund - December 14, 2011 23:49

Gold futures plunged almost $30 on Wednesday’s Asian trading session as German Chancellor Angela Merkel objected on the proposal on increasing the limit of bailout fund for the euro zone. Gold futures contract for February delivery plunged 1.8 percent or $29.10 to $1,634 per ounce on electronic trading session of New York Mercantile Exchange while […]

NYMEX Remains under Pressure in Reaction to Fears of Low Credit Rating for European Union Members - December 6, 2011 23:56

Crude oil futures remained under pressure on Monday in reaction to the announcement of Standard & Poor’s credit agency for a possible credit rating cut of European Union member countries from AAA to AA+. As per the latest report of S&P, Germany, France, the Netherlands, Finland, Austria and Luxembourg were in the list of possible […]

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 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 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 Rally on Euro Zone’s Debt Solution - October 28, 2011 23:56

Gold futures gained on Thursday in reaction to development over solution for the euro zone’s debt crisis. Investors were optimistic for the precious metal after the news that European Union leaders finally came with a bailout figure to tackle the Greece’s sovereign debt crisis. Gold futures contract for December delivery gained 1.4 percent or $24.20 […]