Gold Futures Gains after Increase in ADP Payrolls Data - October 6, 2011 23:39

Gold futures contract gained on Wednesday in reaction to increased ADP payrolls data which surged to 91,000 for the mo nth of September as compared to 89,000 for the month of August. Most of analysts now believe that gold is going to keep moving in bullish rally and will cross the benchmark of $1,700 per […]

Gold Futures Plunge In Reaction to Stronger Greenback - September 23, 2011 23:42

Gold futures declined on Thursday in reaction to stronger US dollar. Investors were also uncertain over China’s disappointing manufacturing sentiment index and effectiveness of US Federal Reserve decision for bond swap program over the economy. Gold futures contract for December delivery declined 3.7 percent or $66.40 to $1,741.70 per ounce on the Comes trading of […]

Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday - September 7, 2011 23:32

Gold futures reached their record level of $1,923.70 per ounce on Tuesday but closed lower on profit taking. Gold benefited cause of its safe haven status in reaction to sovereign debt crisis in euro zone and over expectations of another round of monetary easing in US. Gold futures contract for December delivery fell 0.2 percent […]

Gold Futures Gain 2 percent on their Safe Haven Status - August 31, 2011 23:58

Gold futures gained on Tuesday as investors were uncertain on surging US stock markets and global economy. Investors shifted their focus towards the safe haven status of gold. Senior market strategist, Charles Nedoss, from Olympus Futures in Chicago commented, “It all comes to disbelief the [Standard & Poor’s 500 Index] will hold up at 1,200, […]