Posts Tagged ‘copper prices’
Gold and Oil News - May 28, 2011 0:15
Gold and Silver Contracts Gain on Declining Dollar
Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]
Base Metals Jump up on Euro Zone’s Debt Concerns
Gold Futures gained on Wednesday’s trading session as the US dollar rebounded after reaching its highs making base metals attractive for investors. Silver futures contract also jumped 3 percent in today’s rally. Gold futures contract for June delivery gained 0.40 percent or $5.50 to $1,528.80 per ounce in Comex trading session of New York Mercantile […]
Base Metals Decline as the Greenback Strengthens
Base metals remained under pressure on Wednesday as traders were uncertain over sovereign debt situation of Greece which resulted in weakening of the 17-nations shared currency. Gold futures contract for June delivery dropped 1 percent or $15.50 to $1,501.40 per ounce on Comex trading session of New York Mercantile Exchange. Silver futures contract for July […]
Gold Futures Reach their Record Highest
Gold futures reached their record highest on Wednesday as investors shifted their focus towards the base metal on its safe haven status in reaction to depreciating dollar. Gold future is expected to reach $1,500 per ounce which would be its record high in history. Silver futures contract also gained in reaction to bullish rally of […]
Gold Futures witness Correction after Reaching the Record High
Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]
Gold Faces Further Correction despite its Safe Haven Status
Basic metals remained under pressure on Tuesday’s overnight trading session as investors and traders went profit taking in gold futures which settled around $1,413 per ounce. The gold future contract for April delivery declined $6.20 to $1,413 per ounce on Tuesday’s Asian trading session at electronic trading of Globex. According to experts the investors went […]
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