Gold Futures Gain on Weaker Dollar - March 16, 2012 23:52

Gold futures contract gained on Thursday in reaction to weakening US dollar. The gold futures contract for April delivery gained 1 percent or $16.60 to settle at $1.659.90 per ounce on the Comex division of the New York Mercantile Exchange. Head of research, William Adams from FastmMarkets commented, “there is a risk of further weakness, […]

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 […]

Gold Futures Fall on Disappointing Economic Data - March 6, 2012 23:55

Gold futures declined on Monday in reaction to negative economic data from euro zone, United States and the China. ISM’s manufacturing index gained to 57.3 percent for February as compared to 56.8 percent in prior month. Factory orders declined 1 percent for January according to the US Commerce Department. China also lowered its economic growth […]

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 […]

Gold Futures Rally on Greek Deal - February 22, 2012 23:17

Gold futures jumped on Tuesday making their highest in last two weeks in reaction to approval of the second bailout package for Greece. After series of meetings, finance ministers from European Union member countries agreed for a figure of 130 billion euros equivalent to $171.9 billion as the second trench of Greece’s bailout package. Broker […]

Gold Gains On ECB’s Decision for Monetary Easing - February 10, 2012 23:41

Gold futures gained on Thursday in reaction to agreement of Greece’s leaders for austerity deal while European Central Bank decided to keep moving in direction of monetary easing. Gold futures contract for April delivery gained 0.6 percent or $9.90 to settle at $1,741.20 per ounce on the Comex trading of the New York Mercantile Exchange. […]