Gold Futures Jump in Reaction to Weaker Greenback - January 4, 2012 23:55

Gold futures rallied on Tuesday and ended on highest level for the week in reaction to weakening US dollar. Commodities are negative correlated with US dollar and perform while the dollar falls as it makes commodities cheaper for investors of other currencies. Gold futures contract for February delivery gained 2.2 percent or $33.70 to settle […]

NYMEX Remains under Pressure in Reaction to Fears of Low Credit Rating for European Union Members - December 6, 2011 23:56

Crude oil futures remained under pressure on Monday in reaction to the announcement of Standard & Poor’s credit agency for a possible credit rating cut of European Union member countries from AAA to AA+. As per the latest report of S&P, Germany, France, the Netherlands, Finland, Austria and Luxembourg were in the list of possible […]

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 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 […]

Oil and Precious Metals Move in Bullish Rally on Monday - October 11, 2011 23:42

Crude oil futures jumped on Monday in reaction to weaker greenback and stance of Germany and France to support European Banks. Crude oil futures contract for November delivery jumped 2.9 percent or $2.43 to settle at $85.41 per barrel on the New York Mercantile Exchange. Analysts attributed the oil surge to falling US dollar as […]

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 Fell on Tuesday in Reaction to Bernanke Comments - October 5, 2011 21:49

Gold futures declined on Tuesday in reaction to recent comments by US Federal Reserve Ben Bernanke in which he showed his concerns over weak economic growth and sluggish employment rate for US. Investor shifted their focus from safe haven status of gold as many expected strong deflationary pressures for the futures. Bernanke commented, “Recent indicators, […]

Gold Futures Plunge In Reaction to Stronger Greenback - September 23, 2011 23:42

Gold futures declined on Thursday in reaction to stronger US dollar. Investors were also uncertain over China’s disappointing manufacturing sentiment index and effectiveness of US Federal Reserve decision for bond swap program over the economy. Gold futures contract for December delivery declined 3.7 percent or $66.40 to $1,741.70 per ounce on the Comes trading of […]

Gold Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]