Gold Futures reach their Record High - July 22, 2011 23:41

Gold futures reached their record high on Friday despite stronger US dollar and developments on euro zone’s sovereign debt crisis. Gold price contract for August delivery advanced 0.9 percent or $14.20 to $1,601.10 per ounce on Comex trading of New York Mercantile Exchange. On Monday the respective contract reached the day’s high of $1,605.50 which […]

Gold Futures Gain on Positive Development over Euro Zone’s Debt Situation - July 8, 2011 18:49

Gold futures gained on Thursday on positive US economic data and positive development over the euro zone’s debt situation. As per the latest news ECB president Jean Claude Trichet decided to suspend the application of minimum credit rating threshold for debt instruments by Portuguese government. ECB president also gave a stance against the selective default […]

Gold Gained On Friday as Euro Settles Down - June 20, 2011 9:08

Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]

Gold Futures Gained despite Escalating Concerns over Greece’s Debt Situation - June 17, 2011 20:52

Gold futures gained on Thursday despite rising concerns over Greece’s debt situation. Gold futures contract for August delivery gained 0.2 percent or $3.70 to close at $1,529.90 per ounce at Comex trading session of New York Mercantile Exchange. The contract touched the day’s high of $1,534 per ounce. Most of analysts believe the market seems […]

Gold Futures Moved in a Bullish Rally on Wednesday Triggered by High US Inflation - June 16, 2011 19:03

Gold Futures became highly attractive for investors and touched their highest in three days. The surge was in reaction to news that US core consumer prices increased with higher pace in the month of May since last three years. According to US Bureau of Labor Statistics core inflation excluding energy and food costs increased by […]

Gold and Silver Contracts Gain on Declining Dollar - May 28, 2011 0:15

Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]

Gold Futures Move in Bullish Rally for Third Consecutive Day - April 7, 2011 23:49

Gold futures remained bullish on Thursday and posted gains for three consecutive days. The gold future contract made its intraday record high in last 31 years.  Uncertainty grew over the sovereign debt problems in Europe, moreover higher inflationary pressures made investors shift their focus towards the safe haven status of Gold. However many experts believe […]

Gold Futures Reach their Record Highest - April 6, 2011 22:26

Gold futures reached their record highest on Wednesday as investors shifted their focus towards the base metal on its safe haven status in reaction to depreciating dollar. Gold future is expected to reach $1,500 per ounce which would be its record high in history. Silver futures contract also gained in reaction to bullish rally of […]