EIA Reports Decline in Crude Oil Inventories - November 24, 2011 23:51

Crude oil futures declined on Wednesday despite decline in inventories data by Energy Information Administration. Investors were uncertain over the latest US economic data and euro zone debt situation. Oil Analyst, Matt Smith from Summit Energy commented, “This highlights the lack of confidence in even the strongest economy in Europe, causing a flight from (euro-zone) […]

Gold Futures Fell to Record Low in Four Weeks - November 22, 2011 23:57

Gold futures fell to their lowest in four weeks on Monday as investors were uncertain over the euro zone debt situation and failure of talks of deficit reduction panel in United States. Gold futures contract for December delivery fell 2.7 percent or $46.40 to settle at $1,678.60 per ounce on the Comex trading of the […]

Gold Futures Fell 3.1 percent on Thursday - November 18, 2011 23:57

Gold futures reported a heavy decline on Thursday despite its safe haven status and increased demand for the third quarter. Gold futures contract for December delivery plunged 3.1 percent or $54.10 to settle at $1,720.20 per ounce on the Comex trading or the New York Mercantile Exchange. Many analysts were of the opinion that gold […]

Gold Futures Witness Correction - August 24, 2011 23:44

Gold futures fell on Tuesday as most investors went for profit taking. Gold futures contract for December delivery declined 1.6 percent or $30.60 to settle at $1,861.30 per ounce at Comex trading of New York Mercantile Exchange.  Most of analysts believe that gold contract is likely of find support at $1,850 per ounce. Pundits think […]

Oil Falls on Tuesday in Reaction to Reduced Global Demand - August 18, 2011 0:00

Crude oil futures declined 1.4 percent on Tuesday on reaction to uncertainty over oil’s global demand outlook. Selling pressure was for crude oil futures as escalating political crisis in Middle East and North Africa followed by oil spill in North Sea raised concerns. Crude oil futures contract for September delivery declined $1.23 to settle at […]

Gold Futures Make another Record on Tuesday - August 17, 2011 23:45

Gold futures contract made their record level despite weak European economic data. Gold futures for December delivery gained 1.5 percent or $27 to settle at $1,785 per ounce in Comex trading of New York Mercantile Exchange. Its earlier record which was made on August 10th stood at $1,784.30 per ounce. However for on Tuesday the […]

Gold declines on the Last day but posts Gains for the Week - August 12, 2011 23:59

Gold futures ended lower on Friday as investors went for profit taking. Gold futures contract for December delivery declined 0.5 percent or $8.90 to $1,742.60 per ounce on Comex trading session of the New York Mercantile Exchange. Though the respective contract declined on the last day of the week but was up by 5.5 percent […]

Crude Oil Futures witness Profit Taking on Friday - August 12, 2011 23:48

Crude oil futures declined on Friday as investor opted for profit taking. Some negative sentiment was also seen in the market due to reduced consumer sentiment report. President of Strategic Energy & Economic Research in Massachusetts commented, “The consumer sentiment (data) didn’t help … People figured, better to stay out for the weekend.” According to […]

Gold Rally Reaches its Record - August 11, 2011 23:40

Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy.  Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]