Gold Futures Gain on Weaker Dollar - March 16, 2012 23:52

Gold futures contract gained on Thursday in reaction to weakening US dollar. The gold futures contract for April delivery gained 1 percent or $16.60 to settle at $1.659.90 per ounce on the Comex division of the New York Mercantile Exchange. Head of research, William Adams from FastmMarkets commented, “there is a risk of further weakness, […]

Gold Futures Declines to their Lowest in Six Weeks - March 7, 2012 23:14

Gold futures remained under pressure on Tuesday in reaction to raising concerns over the global economy. Investors were concerned after the Institute for International Finance issued a warning of disorderly default by Greece. According to the trade group the default could cause the damage of 1 trillion euros in the euro region’s economy. The figure […]

Gold Futures Fall on Disappointing Economic Data - March 6, 2012 23:55

Gold futures declined on Monday in reaction to negative economic data from euro zone, United States and the China. ISM’s manufacturing index gained to 57.3 percent for February as compared to 56.8 percent in prior month. Factory orders declined 1 percent for January according to the US Commerce Department. China also lowered its economic growth […]

Investors Take Fresh Position in Gold on Attractive Levels - March 2, 2012 23:50

Gold futures gained on Thursday as investors took fresh position on the precious metals due to its attractive levels. Gold fell in the prior session in reaction to comments of Ben Bernanke who expressed his doubts on US economic recovery. Gold futures for April delivery gained 0.6 percent or $10.90 to settle at $1.722.20 per […]

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 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 Gains On ECB’s Decision for Monetary Easing - February 10, 2012 23:41

Gold futures gained on Thursday in reaction to agreement of Greece’s leaders for austerity deal while European Central Bank decided to keep moving in direction of monetary easing. Gold futures contract for April delivery gained 0.6 percent or $9.90 to settle at $1,741.20 per ounce on the Comex trading of the New York Mercantile Exchange. […]

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 […]