Precious Metals Surge to Highest Level in One Month - October 26, 2011 23:53

Gold and silver futures moved in a bullish rally on Tuesday and reached their highest in one month. Gold futures contract for December delivery jumped 2.9 percent or $48.10 to settle at $1,700.40 per ounce at the Comex trading session of the New York Mercantile Exchange. This was the highest settlement since September 22nd, 2011. […]

Gold Futures Gains after Increase in ADP Payrolls Data - October 6, 2011 23:39

Gold futures contract gained on Wednesday in reaction to increased ADP payrolls data which surged to 91,000 for the mo nth of September as compared to 89,000 for the month of August. Most of analysts now believe that gold is going to keep moving in bullish rally and will cross the benchmark of $1,700 per […]

Gold Futures Fell on Tuesday in Reaction to Bernanke Comments - October 5, 2011 21:49

Gold futures declined on Tuesday in reaction to recent comments by US Federal Reserve Ben Bernanke in which he showed his concerns over weak economic growth and sluggish employment rate for US. Investor shifted their focus from safe haven status of gold as many expected strong deflationary pressures for the futures. Bernanke commented, “Recent indicators, […]

Base Metals Fell as Investors went for Profit Taking - September 29, 2011 23:31

Gold futures declined on Wednesday as the investors went for profit taking keeping in view high volatility of the previous sessions. Analyst Stephen Platt from Archer Financial Services in Chicago commented, “After the rally, you are seeing some profit-taking, people are shedding some risk after the volatility they’ve seen.” Gold futures contract for December delivery […]

Gold Futures Plunge In Reaction to Stronger Greenback - September 23, 2011 23:42

Gold futures declined on Thursday in reaction to stronger US dollar. Investors were also uncertain over China’s disappointing manufacturing sentiment index and effectiveness of US Federal Reserve decision for bond swap program over the economy. Gold futures contract for December delivery declined 3.7 percent or $66.40 to $1,741.70 per ounce on the Comes trading of […]

Gold Futures Face Correction after touching $1,900 Benchmark on Tuesday - September 7, 2011 23:32

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 […]

Gold Futures Falls on Stronger US dollar - September 2, 2011 23:56

Gold futures contract declined on Thursday after major bullish rally of last two days. Gold saw some pressure due to stronger US dollar. Gold futures contract for December contract fell 0.1 percent or $2.60 to $1,829.10 per ounce on Comex trading of the New York Mercantile Exchange. Senior market strategist, Adam Klopfenstein from MF Global […]

Gold Futures Gain 2 percent on their Safe Haven Status - August 31, 2011 23:58

Gold futures gained on Tuesday as investors were uncertain on surging US stock markets and global economy. Investors shifted their focus towards the safe haven status of gold. Senior market strategist, Charles Nedoss, from Olympus Futures in Chicago commented, “It all comes to disbelief the [Standard & Poor’s 500 Index] will hold up at 1,200, […]

Gold plunges on Wednesday as Investors opt for Profit Taking - August 25, 2011 23:56

After series of bullish rallies, gold futures finally saw correction on Wednesday and reported its highest fall since March 2008. Gold futures contract for December delivery plunged 5.6 percent or $104 to settle at $1,757.30 per ounce on the Comex division of the New York Mercantile Exchange. Most of the analysts believe that gold futures […]