Posts Tagged ‘copper prices’
Gold and Oil News - December 16, 2011 23:57
Gold Futures Gain after Four Day losing Streak
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
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
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
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
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
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
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
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
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
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 […]
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