Oil and Precious Metals Move in Bullish Rally on Monday - October 11, 2011 23:42

Crude oil futures jumped on Monday in reaction to weaker greenback and stance of Germany and France to support European Banks. Crude oil futures contract for November delivery jumped 2.9 percent or $2.43 to settle at $85.41 per barrel on the New York Mercantile Exchange. Analysts attributed the oil surge to falling US dollar as […]

Gold Futures Gain on Tuesday on Signs of Decisive Solution for European Debt Crisis - September 28, 2011 23:47

Gold futures jumped more than 3 percent on Tuesday after series of bearish sessions as rumors of permanent solution for European debt crisis were floating in the market. Gold futures contract for December delivery gained 3.6 percent or $7.70 to settle at $1,652.50 per ounce on Comex trading of the New York Mercantile Exchange. The […]

Gold gives the Best Performance in August since November 2009 - September 2, 2011 0:00

Gold futures remained in positive zone on Wednesday and recorded gain of 12 percent of the month of August which happens to be highest monthly gain since November 2009. Gold futures contract for December delivery gained 0.1 percent or $1.90 to $1,831.70 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Gold Soars on Wednesday but Stays below the Psychological Barrier of $1,800 - August 18, 2011 23:59

Gold futures reached their record on Wednesday but remained below the mark of $1,800. Gold futures contract December delivery surged 0.5 percent or $8.80 to settle at $1,793.80 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched its intraday high of 1,797.60 per ounce on Wednesday. Investors took fresh positions […]

Gold Futures Recover on Tuesday after Three Consistent Bearish Trends - June 29, 2011 23:28

Gold futures gained on Tuesday and crossed the level of $1,500 per ounce as investors got optimistic for the base metals due to resolution for Greece’s sovereign debt crisis. Gold futures contract for August delivery gained 0.3 percent or $3.80 to $1,500.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]