Posts Tagged ‘Gold Prices’
Gold and Oil News - April 11, 2016 12:24
Are Gold Prices Set To Head Higher?
2016 has seen a lot of strength return to gold prices. In fact since January gold has increased by around $200 per ounce. What many investors are thinking now is can these prices be sustained for the rest of the year? In recent history quick spikes have usually been followed by sharp falls, however things […]
Gold Prices Higher – Were You Watching?
Gold prices continued to push higher yesterday, as investors around the globe start to look for a safe haven, whilst stocks are at their highs. These surges have been fuelled by the uncertainty surrounding the events unfolding in Iraq, as the Iraqi army launched an offensive to take back the city of Tikrit. While stocks […]
NYMEX Remains under Pressure in Reaction to Fears of Low Credit Rating for European Union Members
Crude oil futures remained under pressure on Monday in reaction to the announcement of Standard & Poor’s credit agency for a possible credit rating cut of European Union member countries from AAA to AA+. As per the latest report of S&P, Germany, France, the Netherlands, Finland, Austria and Luxembourg were in the list of possible […]
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 in a Bullish Rally on Wednesday Triggered by High US Inflation
Gold Futures became highly attractive for investors and touched their highest in three days. The surge was in reaction to news that US core consumer prices increased with higher pace in the month of May since last three years. According to US Bureau of Labor Statistics core inflation excluding energy and food costs increased by […]
Gold Jumps on Thursday over Expected Increase in Interest Rates by ECB
Gold futures jumped on Thursday over the expectations of interest rate hike by European Central Bank. It is expected that ECB will increase its interest rate from 1.25 percent as ECB President Trichet supported a strong stance to tackle rising inflation. Investors are now hoping that interest rates will increase by the next meeting of […]
Base Metals Jump up on Euro Zone’s Debt Concerns
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 […]
Base Metals Decline as the Greenback Strengthens
Base metals remained under pressure on Wednesday as traders were uncertain over sovereign debt situation of Greece which resulted in weakening of the 17-nations shared currency. Gold futures contract for June delivery dropped 1 percent or $15.50 to $1,501.40 per ounce on Comex trading session of New York Mercantile Exchange. Silver futures contract for July […]
Gold Futures Move in Bullish Rally for Third Consecutive Day
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. Â 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
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 […]
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