Gold Gains on QE Expectations - August 28, 2012 23:57

Gold futures started the week on positive note as investors are hoping for monetary easing measures by US Federal Reserve after the meeting of central banks. Gold futures contract for December delivery surged 0.2 percent or $2.70 to settle at $1,675.60 per ounce on the Comex division of the New York Mercantile Exchange.

Gold Declines on Bernanke Speech - July 18, 2012 23:52

Gold futures fell on Tuesday as investors remained mixed on Bernanke speech regarding further monetary easing measures. Gold futures contract for August delivery fell 0.1 percent or $2.10 to settle at $1,589.50 per ounce on the Comex division of the New York Mercantile Exchange.

Gold Moves Contrary to Other Metals - July 12, 2012 23:57

Gold futures ended lower on Wednesday while other metals gained as investors were waiting for minutes of Federal Reserve’s latest monetary policy meeting. Gold futures contract for August delivery fell 0.3 percent or $4.10 to settle at $1,575.70 per ounce on the Comex division of the New York Mercantile Exchange.

Gold Rebounds on Attractive Levels - July 10, 2012 23:57

Gold futures recovered on Monday as investors took fresh position in the precious metal due to its highly attractive price levels. Gold futures contract for August delivery gained 0.7 percent or $10.20 to settle at $1,589.10 per ounce on the Comex division of the New York Mercantile Exchange.

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 Futures Plunge on US Fed’s Operation Twist Program - June 21, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to the US Federal Reserve’s decision to continue its “Operation Twist” program till the end of the current year. US Fed’s “Operation Twist” program comprises of twisting the yield curve by selling short term securities while buying long term securities. The US Federal Reserve also decided to […]

Gold Gains on Weak Inflation data - June 16, 2012 0:00

Gold futures jumped on Thursday extending its rally for the fifth consecutive session. Weak inflation data and expectations of another round of quantitative easing by US Federal Reserve boosted the safe haven status of the precious metal. Gold futures contract for August delivery gained $0.20 to settle at $1,619.60 per ounce on the Comex division […]

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 Decline on Weak Economic Data - June 1, 2012 23:58

Gold futures fell on Thursday in reaction to lower than expected US economic data which also affected the US stock markets. As per the latest data, payrolls in private sector increased by 133,000 in May as compared to expected increase of 150,000. Moreover, the US Commerce Department also released its data on jobless claims which […]