Gold Futures Gain US Manufacturing Data - April 3, 2012 23:51

Gold futures gained on Monday in reaction to positive US manufacturing survey which also boosted US equities and other commodities such as oil. The Institute for Supply and Management’s index for the month of March increased to 53.4 percent as compared to 52.4 percent in the month of February. Economists were expecting the figure of […]

Gold Futures Decline on US GDP Growth Rate - March 30, 2012 23:53

Gold futures declined on Thursday as bearish sentiments dominated the markets after the release of US gross domestic product growth rate. According to the US Commerce Department the gross domestic product for the fourth quarter gained 3 percent as compared to analysts’ expectations of 3.2 percent. However the economist revised the growth rate to 3 […]

Gold Futures Fell on Demand Uncertainty - March 21, 2012 23:53

Gold futures contract declined on Tuesday as investors were concerned over the demand of the precious metal due to economic slowdown in China. BHP’s president Ian Ashby said on Tuesday in Perth that China’s demand for iron ore is decreasing which will eventually settle down to a single digit figure. The notion created a panic […]

Gold Futures Plunge to Their Lowest in 8 Weeks - March 15, 2012 23:51

Gold futures fell to their lowest on Wednesday in eight weeks as the US Federal Reserve said that US economy is improving and decided not to go for further monetary policy easing. Stronger dollar also kept commodities under pressure. US Federal Reserve’s official decided to keep the interest rate unchanged to its ever low in […]

Gold Futures Fell Over Global Economic Slowdown - March 13, 2012 23:50

Gold futures fell on Monday after the news of increase in China’s trade deficit which raised concerns over sluggish global economic recovery. China reported its trade deficit figure of $31.38 billion in February as compared to trade surplus of $27.28 billion in the month of January. The huge trade deficit figure was beyond the expectations […]

Gold Futures Declines to their Lowest in Six Weeks - March 7, 2012 23:14

Gold futures remained under pressure on Tuesday in reaction to raising concerns over the global economy. Investors were concerned after the Institute for International Finance issued a warning of disorderly default by Greece. According to the trade group the default could cause the damage of 1 trillion euros in the euro region’s economy. The figure […]

Investors Take Fresh Position in Gold on Attractive Levels - March 2, 2012 23:50

Gold futures gained on Thursday as investors took fresh position on the precious metals due to its attractive levels. Gold fell in the prior session in reaction to comments of Ben Bernanke who expressed his doubts on US economic recovery. Gold futures for April delivery gained 0.6 percent or $10.90 to settle at $1.722.20 per […]

Gold Futures Reach Its Highest in Three Months on Safe Haven Status - February 23, 2012 21:36

Gold futures gained on Wednesday and reached their highest in last three months as investors shifted their focus towards the safe haven status of the precious metal. Gold futures remained low the whole trading session and jumped in last hour which was termed as Bargain hunting by most analysts. Gold futures contract for April delivery […]

NYMEX Trading: Crude Oil Post Slight Gains while Gold ends Lower - November 25, 2011 23:24

Crude oil futures slightly gained on Friday after a volatile session on Friday. Analysts attributed rising US dollar as the reason for pressure on commodities. The dollar index DXY which measures the greenback’s performance against its six major rival currencies gained to 79.607 on Friday as compared to 79.099 on Wednesday’s North American trading session. […]