Gold Jumps to Its Highest in Three Months - February 29, 2012 22:00

Gold futures rallied on Tuesday and reached their highest in last three months. Gold faced correction in prior two sessions which resulted in buying frenzy on lower prices on Tuesday. Moreover, weakening US dollar also gave metals a boost. Gold futures contract for April delivery surged 0.8 percent or $13.50 to settle at $1,788.40 per […]

Gold Futures Reach Its Highest in Three Months on Safe Haven Status - February 23, 2012 21:36

Gold futures gained on Wednesday and reached their highest in last three months as investors shifted their focus towards the safe haven status of the precious metal. Gold futures remained low the whole trading session and jumped in last hour which was termed as Bargain hunting by most analysts. Gold futures contract for April delivery […]

Gold Futures Rally on Greek Deal - February 22, 2012 23:17

Gold futures jumped on Tuesday making their highest in last two weeks in reaction to approval of the second bailout package for Greece. After series of meetings, finance ministers from European Union member countries agreed for a figure of 130 billion euros equivalent to $171.9 billion as the second trench of Greece’s bailout package. Broker […]

Gold Futures Remain Bearish as Greenback Strengthens - February 15, 2012 22:54

Gold futures remained under pressure of the third consecutive session on Tuesday as the Greece’s bailout package negotiations were postponed while the US dollar gained in reaction to week weak US retail sales data. Gold futures contract for April delivery declined 0.4 percent or $7.20 to settle at $1,717.70 per ounce on the Comex division […]

Gold Futures Gain on Greece’s Development - February 8, 2012 23:55

Gold futures ended higher Tuesday in reaction to positive signs over Greece’s bailout package. Gold futures contract for April delivery surged 1.4 percent or $23.50 to settle at $1,748.40 per ounce on the Comex division of the New York Mercantile Exchange. Moreover, US Federal Reserve’s Chairman Ben Bernanke indicated for further monetary easing in his […]

Gold Futures Reach Their Record High - February 3, 2012 23:51

Gold futures reached their highest level since November uncertainty over the Greece’s debt situation remained strong among investors. Gold futures contract for April delivery gained 0.6 percent or $9.80 to settle at $1,759.30 per ounce on Comex division of the New York Mercantile Exchange. The respective contract touched the intraday high of $1,763.80 per ounce […]

Gold Futures Gain After a Volatile Session - February 1, 2012 23:57

Gold futures gained after a volatile session on Tuesday as investors shifted to less riskier assets on weaker US economic data. The gold futures contract for April delivery gained 0.4 percent or $6 to settle at $1,740.40 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday […]

Gold Jumps as Greenback Weakens - January 18, 2012 23:59

Gold futures jumped on Tuesday as the greenback weakened on the Tuesday. Moreover the escalating concerns over Europe’s debt further boosted the safe haven status of the gold. The gold futures contract for February delivery gained 1.5 percent or $24.80 to settle at $1,655.60 per ounce on the Comex trading or the New York Mercantile […]

Gold Futures Decline in Reaction to Euro Zone Concerns - January 10, 2012 23:50

Gold futures contract declined on Monday as the concerns over the euro zone debt situation remained the center of discussion. Despite positive comments from French President Nicolas Sarkozy and German Chancellor Angela Merkel who supported the goal of foster growth and job creation. However, the weaker greenback supported the gold prices and kept them above […]