Gold Futures Gain on Positive Development over Euro Zone’s Debt Situation - July 8, 2011 18:49

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 - June 16, 2011 19:03

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 - June 10, 2011 22:29

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 - 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 […]

Base Metals Decline as the Greenback Strengthens - May 12, 2011 0:57

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 - 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 […]

Gold Faces Further Correction despite its Safe Haven Status - March 29, 2011 17:52

Basic metals remained under pressure on Tuesday’s overnight trading session as investors and traders went profit taking in gold futures which settled around $1,413 per ounce. The gold future contract for April delivery declined $6.20 to $1,413 per ounce on Tuesday’s Asian trading session at electronic trading of Globex. According to experts the investors went […]