Gold Declines after ISM’s Manufacturing Data - May 2, 2012 23:51

Gold futures ended lower on Tuesday in reaction to the better than expected US manufacturing data for the month of April. Gold remained volatile the whole session and actually was in positive zone before the release of ISM’s index. Gold futures contract for June delivery fell 0.1 percent or $1.80 to settle at $1,662.40 per […]

Gold Futures Ended Lower for the Month - May 1, 2012 23:53

Gold futures remained lower on Monday and also posted loss for the month. The gold futures contract for June delivery slightly fell by 0.1 percent or $0.60 to settle at $1,664.20 per ounce on the Comex division of the New York Mercantile Exchange. For the month the precious metal was down by 0.5 percent. Gold […]

Gold Futures Jump on Weaker Greenback - April 27, 2012 23:49

Gold futures rallied on Thursday and reached their highest in last two weeks in reaction to weakening greenback and decision of US Federal Reserve to keep the interest rates unchanged. Gold futures contract for June delivery jumped 1.1 percent or $18.20 to settle at $1,660.50 per ounce on the Comex division of the New York […]

Gold Declines on Euro Zone Concerns - April 24, 2012 23:59

Gold futures ended lower on Monday as the political and economic situation in euro zone raised many questions among the investors. Gold futures contract for June delivery plunged 0.6 percent or $10.20 to settle at $1,632.20 per ounce on the Comex division of the New York Mercantile Exchange. Investors were concerned ahead of the French […]

Gold Slightly Gains as Concerns on Euro Zone’s Debt Fade - April 18, 2012 23:55

Gold futures slightly gained on Tuesday after a volatile session as the concerns over euro zone debt problems eased while US stock markets closed higher. Gold future contract for June delivery gained 0.1 percent or $1.40 to settle at $1,651.10 per ounce on the Comex division of the New York Mercantile Exchange. Gold plunged in […]

Gold Futures Decline on Profit Taking - April 12, 2012 22:50

Gold futures fell on Wednesday as the investors went for profit taking after three consecutive bullish sessions at Comex. The precious metal remained volatile in the whole session and closed lower as it was looking for direction in search of news headlines. Gold futures contract for June delivery declined $0.40 to settle at $1,660.30 per […]

Gold Futures Gain on Attractive Levels - April 6, 2012 23:37

Gold futures contract for June delivery gained on Thursday as the Investors opt bargain hunting on the precious metal due to its attractive levels. Gold along with other commodities plunged in earlier sessions in reaction to the decision of the US Federal Reserve to stop its quantitative easing program due to improvement in US economy. […]

Gold Futures Decline on US GDP Growth Rate - March 30, 2012 23:53

Gold futures declined on Thursday as bearish sentiments dominated the markets after the release of US gross domestic product growth rate. According to the US Commerce Department the gross domestic product for the fourth quarter gained 3 percent as compared to analysts’ expectations of 3.2 percent. However the economist revised the growth rate to 3 […]

Gold Futures Decline as Investors Opt for Profit Taking - March 28, 2012 23:54

Gold futures declined on Tuesday as investors went for profit taking. The precious metal gained consistently for last two sessions and almost touched the benchmark of $1,700 per ounce which intrigued investors to realize profits. Gold futures surged 1.4 percent on Monday’s trading session in reaction to US Fed’s Chairman, Ben Bernanke who showed his […]