Gold Declines ahead of ECB Meeting - September 6, 2012 23:59

Gold futures fell on Wednesday as investors had mixed opinions before the meeting of European Central Bank on Thursday. Investors are also keenly waiting of US jobs data due on Friday. Gold futures contract for December delivery fell 0.1 percent or $2 to settle at $1,694 per ounce on the Comex division of the New […]

Gold Futures Lower in the Start of the Week - May 22, 2012 23:51

Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]

Gold Futures Fell to Lowest in 10 Months - May 17, 2012 23:57

Gold future reached their lowest since July 2011 on Wednesday mainly affected by stronger greenback and Greece’s economic and political worries. Further to add to the losses of the precious metal European Central Bank also decided to stop funding to certain Greek banks, however the central banks also disclosed that it would continue to support […]

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 Gain on Expectations of QE3 - April 13, 2012 23:49

Gold futures gained on Thursday in reaction to weaker greenback rumors of another round of quantitative easing surfaced. US Federal Reserve officials, William Dudley and Janet Yellen disclosed that the central bank will keep the option of further quantitative easing open. Now the gold investors were investing on the hopes that more quantitative easing will […]

Gold Declines on Release of Fed Meeting Minutes - April 4, 2012 23:56

Gold fell on Tuesday in reaction to the minutes of latest FOMC meeting which created high demand for the greenback while lower demand for the precious metal. According to the latest minutes of US Fed’s monetary policy meeting, majority of the officials voted against further easing measures. The gold futures contract for June delivery declined […]

Gold Futures Gain US Manufacturing Data - April 3, 2012 23:51

Gold futures gained on Monday in reaction to positive US manufacturing survey which also boosted US equities and other commodities such as oil. The Institute for Supply and Management’s index for the month of March increased to 53.4 percent as compared to 52.4 percent in the month of February. Economists were expecting the figure of […]

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 […]

Gold Futures Decline on Chinese Data - March 23, 2012 23:55

Gold futures contract fell on Thursday and reached their lowest in last nine weeks. The precious metal remained lower after the less than expected Chinese manufacturing data. HSBC’s manufacturing managers’ index for China fell to its lowest in last four months in the month of March. China happens to be the top consumer of natural […]