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 […]

Gold Remains Bearish on Greece’s Debt Situation - November 2, 2011 23:56

Gold futures remained bearish for the third consecutive day on Tuesday in reaction to announcement of Greece for a referendum on its bailout package. Moreover less than expected US manufacturing data also created uncertainty among investors. ISM’s manufacturing index declined to 50.8 percent for the month of October as compared to 51.6 percent in the […]

Precious Metals Surge to Highest Level in One Month - October 26, 2011 23:53

Gold and silver futures moved in a bullish rally on Tuesday and reached their highest in one month. Gold futures contract for December delivery jumped 2.9 percent or $48.10 to settle at $1,700.40 per ounce at the Comex trading session of the New York Mercantile Exchange. This was the highest settlement since September 22nd, 2011. […]

Gold Futures Fell On Thursday Failing to Attract Investors on its Safe Haven Status - October 21, 2011 23:57

Gold futures contract declined on Thursday the precious metal failed to further attract investors on its safe haven status. Gold futures contract for December delivery fell 2.1 percent or $34.10 to settle at $1,612.90 per ounce on Comex trading of the New York Mercantile Exchange. This was also the lowest since late September. Senior Market […]

Base Metals Fell as Investors went for Profit Taking - September 29, 2011 23:31

Gold futures declined on Wednesday as the investors went for profit taking keeping in view high volatility of the previous sessions. Analyst Stephen Platt from Archer Financial Services in Chicago commented, “After the rally, you are seeing some profit-taking, people are shedding some risk after the volatility they’ve seen.” Gold futures contract for December delivery […]

Gold Futures Gain on Tuesday on Signs of Decisive Solution for European Debt Crisis - September 28, 2011 23:47

Gold futures jumped more than 3 percent on Tuesday after series of bearish sessions as rumors of permanent solution for European debt crisis were floating in the market. Gold futures contract for December delivery gained 3.6 percent or $7.70 to settle at $1,652.50 per ounce on Comex trading of the New York Mercantile Exchange. The […]

Gold Futures Jump Beyond $1,800 Level on Tuesday - September 21, 2011 23:52

Gold futures moved in bullish rally on Tuesday and crossed the psychological barrier of $1,800 in reaction to uncertainty over euro zone’s sovereign debt crisis. Investors were also very keen about the latest US Federal Reserve meeting and were hoping for significant measures to improve the US economy. Analyst Tom Pawlicki from MF Global in […]

Gold gives the Best Performance in August since November 2009 - September 2, 2011 0:00

Gold futures remained in positive zone on Wednesday and recorded gain of 12 percent of the month of August which happens to be highest monthly gain since November 2009. Gold futures contract for December delivery gained 0.1 percent or $1.90 to $1,831.70 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Gold plunges on Wednesday as Investors opt for Profit Taking - August 25, 2011 23:56

After series of bullish rallies, gold futures finally saw correction on Wednesday and reported its highest fall since March 2008. Gold futures contract for December delivery plunged 5.6 percent or $104 to settle at $1,757.30 per ounce on the Comex division of the New York Mercantile Exchange. Most of the analysts believe that gold futures […]