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 […]

Gold Futures Gains after Increase in ADP Payrolls Data - October 6, 2011 23:39

Gold futures contract gained on Wednesday in reaction to increased ADP payrolls data which surged to 91,000 for the mo nth of September as compared to 89,000 for the month of August. Most of analysts now believe that gold is going to keep moving in bullish rally and will cross the benchmark of $1,700 per […]

Gold Futures Fell on Tuesday in Reaction to Bernanke Comments - October 5, 2011 21:49

Gold futures declined on Tuesday in reaction to recent comments by US Federal Reserve Ben Bernanke in which he showed his concerns over weak economic growth and sluggish employment rate for US. Investor shifted their focus from safe haven status of gold as many expected strong deflationary pressures for the futures. Bernanke commented, “Recent indicators, […]

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 Plunge In Reaction to Stronger Greenback - September 23, 2011 23:42

Gold futures declined on Thursday in reaction to stronger US dollar. Investors were also uncertain over China’s disappointing manufacturing sentiment index and effectiveness of US Federal Reserve decision for bond swap program over the economy. Gold futures contract for December delivery declined 3.7 percent or $66.40 to $1,741.70 per ounce on the Comes trading of […]

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 Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]

Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday - September 7, 2011 23:32

Gold futures reached their record level of $1,923.70 per ounce on Tuesday but closed lower on profit taking. Gold benefited cause of its safe haven status in reaction to sovereign debt crisis in euro zone and over expectations of another round of monetary easing in US. Gold futures contract for December delivery fell 0.2 percent […]