Gold and Silver Contracts Gain on Declining Dollar - May 28, 2011 0:15

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 - May 25, 2011 22:14

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 […]

Gold Futures Move in Bullish Rally for Third Consecutive Day - April 7, 2011 23:49

Gold futures remained bullish on Thursday and posted gains for three consecutive days. The gold future contract made its intraday record high in last 31 years.  Uncertainty grew over the sovereign debt problems in Europe, moreover higher inflationary pressures made investors shift their focus towards the safe haven status of Gold. However many experts believe […]

Gold Futures Reach their Record Highest - April 6, 2011 22:26

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 - April 2, 2011 0:16

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 […]