Posts Tagged ‘silver prices’
Gold and Oil News - August 31, 2011 23:58
Gold Futures Gain 2 percent on their Safe Haven Status
Gold futures gained on Tuesday as investors were uncertain on surging US stock markets and global economy. Investors shifted their focus towards the safe haven status of gold. Senior market strategist, Charles Nedoss, from Olympus Futures in Chicago commented, “It all comes to disbelief the [Standard & Poor’s 500 Index] will hold up at 1,200, […]
Gold Makes New Record Investors looking at $2,000 per ounce for the Next Week
Gold futures made new record on Friday as investors shifted their focus towards the safe haven status of the metal in reaction of weakening US dollar. Â Gold futures contract for December delivery gained 1.7 percent or $30.20 to settle at $1,852.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract touched […]
Gold Futures Make another Record on Tuesday
Gold futures contract made their record level despite weak European economic data. Gold futures for December delivery gained 1.5 percent or $27 to settle at $1,785 per ounce in Comex trading of New York Mercantile Exchange. Its earlier record which was made on August 10th stood at $1,784.30 per ounce. However for on Tuesday the […]
Gold declines on the Last day but posts Gains for the Week
Gold futures ended lower on Friday as investors went for profit taking. Gold futures contract for December delivery declined 0.5 percent or $8.90 to $1,742.60 per ounce on Comex trading session of the New York Mercantile Exchange. Though the respective contract declined on the last day of the week but was up by 5.5 percent […]
Gold Rally Reaches its Record
Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy. Â Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]
Gold Futures Move Up Despite Disappointing Economic Situation
Gold futures slightly gained on Thursday as investors were uncertain over the implementation of QE3 in United States. Moreover stronger US dollar also kept pressure on base metals. Gold futures price for August delivery gained 0.2 percent or $3.80 to $1,589.30 per ounce on Comex trading session of New York Mercantile Exchange. The respective contract […]
Gold Futures Jump more than $23 to close at New Record Level
Gold futures jumped more than $23 per ounce and made their new record high on Wednesday as investors were uncertain over euro zone’s debt situation and shifted their focus towards the base metal due to it safe haven status. Moreover Bernanke’s latest comments gave hints for further demand of stimulus money which creates a negative […]
Gold Futures Gain on Positive Development over Euro Zone’s Debt Situation
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 Futures Recover on Tuesday after Three Consistent Bearish Trends
Gold futures gained on Tuesday and crossed the level of $1,500 per ounce as investors got optimistic for the base metals due to resolution for Greece’s sovereign debt crisis. Gold futures contract for August delivery gained 0.3 percent or $3.80 to $1,500.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]
Gold Futures moved up on Monday Despite Euro Zone Crisis
Gold futures contract gained on Monday despite rising worries over Greece’s debt. However, stronger greenback supported the base metals. Gold futures contract for August delivery gained 0.2 percent or $2.90 to $1,542 per ounce on Comex trading of New York Mercantile Exchange. Silver futures contract for July delivery also followed the gold’s pattern and surged […]
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