Gold Futures Drops ahead of Bernanke Speech - August 30, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to stronger greenback while investors were also mixed over the decision of central bankers ahead of Bernanke speech. Gold futures contract for December delivery plunged 0.4 percent or %6.70 to settle at $1,663 per ounce on the Comex division of the New York Mercantile Exchange. US Federal […]

Gold Futures Decline as ECB Cuts Interest Rate - July 6, 2012 23:58

Gold futures fell on Thursday in reaction to moves of the ECB and the Bank of England which created worries for global economy.  The European Central Bank announced reduction in the key interest rate while the Bank of England opted for further easing measures. Though the move of European Central Bank was highly anticipated by […]

Gold Jumps on Weak US Productivity Numbers - June 7, 2012 23:58

Gold futures gained on Wednesday to close at their highest level in last month in reaction to lower than expected US productivity data which resulted into weaker greenback. Moreover investors were also optimistic on the ECB’s decision to go for monetary policy to curb the region’s economic crisis. Gold futures contract for August delivery gained […]

Gold Futures Gain on Technical Support Levels - May 31, 2012 23:58

Gold futures gained on Wednesday despite stronger US dollar. The precious metal remained volatile in the whole session and was lower in the start of the session however recovered later as it reached very attractive levels for investors to make a fresh entry. According to analysts, gold witnessed at technical bounce on the support level […]

Gold Futures Climbs Despite Higher US Dollar - May 25, 2012 23:58

Gold futures contract gained on Thursday despite several negative impacts to push the precious metal back to negative territory. Gold futures contract for June delivery surged 0.6 percent or $9.10 to settle at $1,557.50 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday high of $1,577.70 […]

Gold Futures Decline on Lower Euro Zone Outlook - May 23, 2012 23:42

Gold futures declined on Tuesday in reaction to raised worries on latest lowered outlook on euro zone’s economic growth and downgraded credit rating for Japan. Fitch recently downgraded Japan’s rating to A+ on Tuesday. Fitch maintains its negative outlook on Japan’s credit rating due to high public debt levels. Further to create uncertainty among investors, […]

Gold Futures Lower in the Start of the Week - May 22, 2012 23:51

Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]

Gold Futures Recover from Lowest in 10 Months - May 18, 2012 23:57

Gold futures gained on Thursday as investors took fresh positions in the precious metal due to its attractive levels. Gold futures contract for June delivery surged 2.5 percent or $38.30 to settle at $1,574.90 per ounce on the Comex division of the New York Mercantile Exchange. Analysts see technical support for the precious metal around […]

Gold Futures Fell to Lowest in 10 Months - May 17, 2012 23:57

Gold future reached their lowest since July 2011 on Wednesday mainly affected by stronger greenback and Greece’s economic and political worries. Further to add to the losses of the precious metal European Central Bank also decided to stop funding to certain Greek banks, however the central banks also disclosed that it would continue to support […]