Gold Futures Fell 3.1 percent on Thursday - November 18, 2011 23:57

Gold futures reported a heavy decline on Thursday despite its safe haven status and increased demand for the third quarter. Gold futures contract for December delivery plunged 3.1 percent or $54.10 to settle at $1,720.20 per ounce on the Comex trading or the New York Mercantile Exchange. Many analysts were of the opinion that gold […]

Gold Jumps on its Safe Haven Status - November 8, 2011 23:52

Gold futures gained on Monday as investors turned their focus towards the precious metal’s safe haven status. Uncertainty in the market was widely seen over euro zone’s sovereign debt crisis after Germany decided not to use to its gold reserves for the region’s bailout program. Editor, Brien Lundin from Gold Newsletter commented, “The reports that […]

Gold Futures Jump to Record Level in last Six Weeks - November 4, 2011 23:47

Gold futures moved in a bullish rally and jumped to their record high in last six weeks. Gold mainly appreciated on its safe haven status in reaction to mixed US economic data and euro zone’s debt situation. Gold futures contract for December delivery jumped 2.1 percent or $35.50 to $1,765.10 per ounce at the Comex […]

Gold Futures Keep Rallying on Greece’s Debt Crisis - November 3, 2011 23:57

Gold futures gained on Wednesday in reaction to the uncertainty surrounding Greece’s sovereign debt situation. Gold futures further rallied on its safe haven status after the US Federal Reserve reduced it outlook for this year’s growth. Senior metals analyst, Peter Grant from USAGold-Centennial Precious Metals Inc commented, “The Federal Open Market Committee policy statement was […]

Gold Futures Rally on Euro Zone’s Debt Solution - October 28, 2011 23:56

Gold futures gained on Thursday in reaction to development over solution for the euro zone’s debt crisis. Investors were optimistic for the precious metal after the news that European Union leaders finally came with a bailout figure to tackle the Greece’s sovereign debt crisis. Gold futures contract for December delivery gained 1.4 percent or $24.20 […]

Gold Futures Fell On Thursday Failing to Attract Investors on its Safe Haven Status - October 21, 2011 23:57

Gold futures contract declined on Thursday the precious metal failed to further attract investors on its safe haven status. Gold futures contract for December delivery fell 2.1 percent or $34.10 to settle at $1,612.90 per ounce on Comex trading of the New York Mercantile Exchange. This was also the lowest since late September. Senior Market […]

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 Gain on Tuesday on Signs of Decisive Solution for European Debt Crisis - September 28, 2011 23:47

Gold futures jumped more than 3 percent on Tuesday after series of bearish sessions as rumors of permanent solution for European debt crisis were floating in the market. Gold futures contract for December delivery gained 3.6 percent or $7.70 to settle at $1,652.50 per ounce on Comex trading of the New York Mercantile Exchange. The […]

Gold Futures Jump Beyond $1,800 Level on Tuesday - September 21, 2011 23:52

Gold futures moved in bullish rally on Tuesday and crossed the psychological barrier of $1,800 in reaction to uncertainty over euro zone’s sovereign debt crisis. Investors were also very keen about the latest US Federal Reserve meeting and were hoping for significant measures to improve the US economy. Analyst Tom Pawlicki from MF Global in […]