Gold Slightly Gains as Concerns on Euro Zone’s Debt Fade - April 18, 2012 23:55

Gold futures slightly gained on Tuesday after a volatile session as the concerns over euro zone debt problems eased while US stock markets closed higher. Gold future contract for June delivery gained 0.1 percent or $1.40 to settle at $1,651.10 per ounce on the Comex division of the New York Mercantile Exchange. Gold plunged in […]

Crude Oil Ends Higher on Eased Tensions from Iran - April 17, 2012 23:59

Crude oil futures ended higher on Monday after a volatile session in reaction to eased tensions on Iran’s situation. The talks on Iran’s nuclear program eased the tensions over oil supply. The oil also got boost from higher stock markets and lower greenback. Moreover, the news of Seaway pipeline, Enbridge & Enterprise Products Partners asking […]

Gold Futures Fell on Better US Economic Data - April 17, 2012 23:56

Gold futures fell on Monday as the US dollar strengthened in reaction better than expected US economic data.  Data on US retail sales came upbeat reporting a surprise increase of 0.8 percent for the third consecutive month. Investors were also attracted towards the safe haven status of the precious metal due to debt crisis in […]

Crude Oil Jumps on Fed’s Shaky Comments - April 13, 2012 23:55

Crude oil futures closed higher on Thursday as investors were uncertain over the comments by US Federal Reserve officials indicating further round of quantitative easing. The major officials of US Federal Reserve, William Dudley and Janel Yellen commented on US economy and indicated chances of another round of quantitative easing. Crude oil futures contract for […]

Gold Futures Gain on Expectations of QE3 - April 13, 2012 23:49

Gold futures gained on Thursday in reaction to weaker greenback rumors of another round of quantitative easing surfaced. US Federal Reserve officials, William Dudley and Janet Yellen disclosed that the central bank will keep the option of further quantitative easing open. Now the gold investors were investing on the hopes that more quantitative easing will […]

Increase of 2.8 Million Barrels in Oil Supplies: EIA Reports - April 12, 2012 23:46

The Energy Information Administration released its inventories data on Wednesday according to which crude oil stockpiles increased by 2.8 million barrels for the week ending April 6th, 2012. Analysts on average expected the increase of 1.8 million barrels for the respective week. The EIA reported decrease of 4.3 million barrels in gasoline inventories as compared […]

Gold Futures Decline on Profit Taking - April 12, 2012 22:50

Gold futures fell on Wednesday as the investors went for profit taking after three consecutive bullish sessions at Comex. The precious metal remained volatile in the whole session and closed lower as it was looking for direction in search of news headlines. Gold futures contract for June delivery declined $0.40 to settle at $1,660.30 per […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]

Energy Information Administration Reports Increase in Oil Inventories - April 5, 2012 23:51

Energy Information Administration released its weekly report on crude oil inventories on Wednesday, according to which oil supplies for the week ending March 30th, 2012 surged 9 million barrels while analysts expected increase of 1.9 million barrels for the respective week. EIA also reported its data on gasoline stockpiles which fell by 1.5 million barrels […]