Posts Tagged ‘Gold futures contract’
Gold and Oil News - August 3, 2011 23:59
Gold remains Bullish and reaches its New Record
Gold futures reached their record level on Tuesday as investors are shifting to safe haven status of the precious metal due to uncertainty over US economy. Gold futures contract for December delivery gained 1.4 percent or $22.80 on Tuesday to settle at $1,644.50 per ounce on Comex trading or New York Mercantile Exchange. The respective […]
Gold Futures Decline on Thursday as US dollar Strengthens
Gold futures declined on Thursday after reaching record levels in earlier sessions. The appreciation o fUS dollar was the main reason behind the bullish sentiments for gold. The dollar index DXY which measures the US dollar movement against its major six rival currencies gained to 74.209 on Thursday as compared to 74.088 on Wednesday’s late […]
Gold finally faces Correction on Wednesday
Gold futures settled lower on Wednesday as the investors opted for profit taking after series of bullish gold sessions. Gold futures contract for August delivery declined 0.1 percent or $1.70 to $1,615.10 per ounce at Comex trading of New York Mercantile Exchange.  The respective contract touched the day’s high of $1,628 but later fell to […]
Gold Futures reach their Record High
Gold futures reached their record high on Friday despite stronger US dollar and developments on euro zone’s sovereign debt crisis. Gold price contract for August delivery advanced 0.9 percent or $14.20 to $1,601.10 per ounce on Comex trading of New York Mercantile Exchange. On Monday the respective contract reached the day’s high of $1,605.50 which […]
Gold Futures find Resistance at $1,600 per Ounce
Gold futures saw resistance at $1,600 per ounce on Wednesday after the positive development on US and euro zone’s debt situation. Senior market strategist, Adam Klopfenstein from Lind-Waldock in Chicago commented, “Optimism towards the budget and the debt-ceiling pulled gold lower,†he further added, “There’s still a lot of risk factors in the global economy.†[…]
Gold Futures Move Up Despite Disappointing Economic Situation
Gold futures slightly gained on Thursday as investors were uncertain over the implementation of QE3 in United States. Moreover stronger US dollar also kept pressure on base metals. Gold futures price for August delivery gained 0.2 percent or $3.80 to $1,589.30 per ounce on Comex trading session of New York Mercantile Exchange. The respective contract […]
Gold Futures Gain on Positive Development over Euro Zone’s Debt Situation
Gold futures gained on Thursday on positive US economic data and positive development over the euro zone’s debt situation. As per the latest news ECB president Jean Claude Trichet decided to suspend the application of minimum credit rating threshold for debt instruments by Portuguese government. ECB president also gave a stance against the selective default […]
Gold Futures moved up on Monday Despite Euro Zone Crisis
Gold futures contract gained on Monday despite rising worries over Greece’s debt. However, stronger greenback supported the base metals. Gold futures contract for August delivery gained 0.2 percent or $2.90 to $1,542 per ounce on Comex trading of New York Mercantile Exchange. Silver futures contract for July delivery also followed the gold’s pattern and surged […]
Gold Gained On Friday as Euro Settles Down
Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]
Gold Futures Gained despite Escalating Concerns over Greece’s Debt Situation
Gold futures gained on Thursday despite rising concerns over Greece’s debt situation. Gold futures contract for August delivery gained 0.2 percent or $3.70 to close at $1,529.90 per ounce at Comex trading session of New York Mercantile Exchange. The contract touched the day’s high of $1,534 per ounce. Most of analysts believe the market seems […]
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