Posts Tagged ‘monetary easing’
Gold and Oil News - August 30, 2012 23:57
Gold Futures Drops ahead of Bernanke Speech
Gold futures declined on Wednesday mainly in reaction to stronger greenback while investors were also mixed over the decision of central bankers ahead of Bernanke speech. Gold futures contract for December delivery plunged 0.4 percent or %6.70 to settle at $1,663 per ounce on the Comex division of the New York Mercantile Exchange. US Federal […]
Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday
Gold futures reached their record level of $1,923.70 per ounce on Tuesday but closed lower on profit taking. Gold benefited cause of its safe haven status in reaction to sovereign debt crisis in euro zone and over expectations of another round of monetary easing in US. Gold futures contract for December delivery fell 0.2 percent […]
Most Popular Content
- Gold Breaks Lower and Platinum Followed
- Wall Street Keeps Printing Records But Will It Turn?
- Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
- Brent Smashes Higher As The Strait Of Hormuz Is Closed
- Bitcoin Bounces Off The Lows But Is That The Bottom?
- Iran Talks Go Nowhere and Oil Price Shrugs
- Stocks Hot After Jobs Data But CPI To Come
- Silver and Gold Keep Traders On Heat