Strength in Gold and Copper Continues – But for How Long? - May 27, 2024 16:30

As we start the new week, gold has displayed gains during the early parts of Monday’s trading, this implies that the precious metal is potentially reversing from its past week’s declines. However, despite the challenges it faced in the past week, overall gold remains in an uptrend, and it is supported by a number of […]

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 Futures Rally as the Greenback Weakens - January 26, 2012 23:40

Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest. Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventually impact […]

Gold Jumps as Greenback Weakens - January 18, 2012 23:59

Gold futures jumped on Tuesday as the greenback weakened on the Tuesday. Moreover the escalating concerns over Europe’s debt further boosted the safe haven status of the gold. The gold futures contract for February delivery gained 1.5 percent or $24.80 to settle at $1,655.60 per ounce on the Comex trading or the New York Mercantile […]

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 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 […]

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 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 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 […]