Gold Futures Reach Record Levels on US Monetary Policy - August 10, 2011 23:53

Gold futures reached their record levels on Tuesday as US dollar weakened in reaction to latest Federal Reserve’s meeting. The US Federal Reserve’s Open Market Committee decided not to change the interest rates due to sluggish economic growth. This resulted in shift of focus to safe haven investments such as gold. Gold futures contract for […]

Crude Oil Plunges on Increased Supply - August 5, 2011 23:58

Crude Oil futures declined on Thursday and reached their lowest level since February. The main reason behind the decline was latest inventories data which increased more than expectations. The Energy Information Administration reported the increase of 44 billion cubic feet for the natural gas inventories as compared to forecasted increase of 32 billion cubic feet. […]

Crude Oil Futures Decline on Wednesday on Inventories Data - August 4, 2011 23:54

Crude oil futures declined on Wednesday reported their lowest in last five weeks on latest US inventories data. According to the latest report by Energy Information Administration crude oil inventories surged by 1 million barrels for the week ended July 29th, 2011. Analysts were expecting oil inventories to increase by 2 million barrel but a […]

Crude Oil Plunges to its Five Weeks Lowest on Tuesday - August 3, 2011 23:55

Crude oil futures contract remained under pressure on Tuesday on latest US economic data. As per latest report of US Commerce Department consumer spending declined 0.2 percent for the month of June. US personal income gained to seasonally adjusted 0.1 percent which happens to be its smallest increase since last November. Crude oil futures contract […]

Crude Oil Gains on Positive US Jobs Numbers - July 30, 2011 0:00

Crude oil futures gained on Thursday as US jobless numbers reduced substantially. As per the latest report of US Labor Department, the jobless claims declined 398,000 as compared to 400,000. Crude oil futures contract for September delivery gained $0.04 to $97.44 per barrel on New York Mercantile Exchange after touching its day’s highest of $98.01 […]

Gold Futures Decline on Thursday as US dollar Strengthens - July 29, 2011 23:52

Gold futures declined on Thursday after reaching record levels in earlier sessions. The appreciation o fUS dollar was the main reason behind the bullish sentiments for gold. The dollar index DXY which measures the US dollar movement against its major six rival currencies gained to 74.209 on Thursday as compared to 74.088 on Wednesday’s late […]

Crude Oil Declines on unresolved US Debt Ceiling Talks - July 28, 2011 21:09

Crude oil futures fell on Wednesday as investors raised concerns if debt ceiling talks will be resolved. Analysts from Barclay commented, “With the U.S. failing to reach any agreement to tackle their debt issues, the probability of a downgrade remains, this, along with seasonal illiquidity, is likely to keep the downward pressure on prices intact, […]

Gold finally faces Correction on Wednesday - July 28, 2011 19:19

Gold futures settled lower on Wednesday as the investors opted for profit taking after series of bullish gold sessions. Gold futures contract for August delivery declined 0.1 percent or $1.70 to $1,615.10 per ounce at Comex trading of New York Mercantile Exchange.  The respective contract touched the day’s high of $1,628 but later fell to […]

Gold Futures reach their Record High - July 22, 2011 23:41

Gold futures reached their record high on Friday despite stronger US dollar and developments on euro zone’s sovereign debt crisis. Gold price contract for August delivery advanced 0.9 percent or $14.20 to $1,601.10 per ounce on Comex trading of New York Mercantile Exchange. On Monday the respective contract reached the day’s high of $1,605.50 which […]