Gold Futures Plunge on US Fed’s Operation Twist Program - June 21, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to the US Federal Reserve’s decision to continue its “Operation Twist” program till the end of the current year. US Fed’s “Operation Twist” program comprises of twisting the yield curve by selling short term securities while buying long term securities. The US Federal Reserve also decided to […]

Gold Gains on Weak Inflation data - June 16, 2012 0:00

Gold futures jumped on Thursday extending its rally for the fifth consecutive session. Weak inflation data and expectations of another round of quantitative easing by US Federal Reserve boosted the safe haven status of the precious metal. Gold futures contract for August delivery gained $0.20 to settle at $1,619.60 per ounce on the Comex division […]

Gold Futures Decline on Weak Economic Data - June 1, 2012 23:58

Gold futures fell on Thursday in reaction to lower than expected US economic data which also affected the US stock markets. As per the latest data, payrolls in private sector increased by 133,000 in May as compared to expected increase of 150,000. Moreover, the US Commerce Department also released its data on jobless claims which […]

Gold Futures Gain on Technical Support Levels - May 31, 2012 23:58

Gold futures gained on Wednesday despite stronger US dollar. The precious metal remained volatile in the whole session and was lower in the start of the session however recovered later as it reached very attractive levels for investors to make a fresh entry. According to analysts, gold witnessed at technical bounce on the support level […]

Gold Futures Fell to their Lowest in Four Months - May 15, 2012 23:36

Gold futures declined on Monday and touched their lowest in four months as the Greenback further strengthened in reaction to political and economic crisis in the euro zone. Investors were uncertain over the future outlook of Greece’s political scenario as fresh elections in the country are also doubtful. Analysts also foresee a messy breakup of […]

Gold Ends Higher on Eased Concerns over Europe’s Banking Sector - May 11, 2012 23:54

Gold futures gained on Thursday in reaction to eased tensions over the European banking sector. Moreover weak US economic data kept the greenback under pressure which eventually supported the commodities. Gold futures contract for June delivery gained 0.1 percent or $1.30 to settle at $1,595.50 per ounce on the Comex division of the New York […]

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 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 […]