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 […]

Gold Futures Advance in Reaction to Political Unrest in Libya - February 26, 2011 1:43

Gold futures gained in electronic trading at Comex division of New York Mercantile Exchange as the riots and political unrest escalates in Libya. Gold futures contract for February delivery moved up 0.1 percent to $1,415 per ounce on Thursday’s Asian trading session. The crisis and clashes of public with government in Libya has made investors […]