Gold Futures Decline as ECB Cuts Interest Rate - July 6, 2012 23:58

Gold futures fell on Thursday in reaction to moves of the ECB and the Bank of England which created worries for global economy.  The European Central Bank announced reduction in the key interest rate while the Bank of England opted for further easing measures. Though the move of European Central Bank was highly anticipated by […]

Gold Jumps on Weak US Productivity Numbers - June 7, 2012 23:58

Gold futures gained on Wednesday to close at their highest level in last month in reaction to lower than expected US productivity data which resulted into weaker greenback. Moreover investors were also optimistic on the ECB’s decision to go for monetary policy to curb the region’s economic crisis. Gold futures contract for August delivery gained […]

Gold Futures Climbs Despite Higher US Dollar - May 25, 2012 23:58

Gold futures contract gained on Thursday despite several negative impacts to push the precious metal back to negative territory. Gold futures contract for June delivery surged 0.6 percent or $9.10 to settle at $1,557.50 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday high of $1,577.70 […]

Gold Futures Decline on Lower Euro Zone Outlook - May 23, 2012 23:42

Gold futures declined on Tuesday in reaction to raised worries on latest lowered outlook on euro zone’s economic growth and downgraded credit rating for Japan. Fitch recently downgraded Japan’s rating to A+ on Tuesday. Fitch maintains its negative outlook on Japan’s credit rating due to high public debt levels. Further to create uncertainty among investors, […]

Gold Futures Lower in the Start of the Week - May 22, 2012 23:51

Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]

Gold Futures Recover from Lowest in 10 Months - May 18, 2012 23:57

Gold futures gained on Thursday as investors took fresh positions in the precious metal due to its attractive levels. Gold futures contract for June delivery surged 2.5 percent or $38.30 to settle at $1,574.90 per ounce on the Comex division of the New York Mercantile Exchange. Analysts see technical support for the precious metal around […]

Gold Futures Fell to Lowest in 10 Months - May 17, 2012 23:57

Gold future reached their lowest since July 2011 on Wednesday mainly affected by stronger greenback and Greece’s economic and political worries. Further to add to the losses of the precious metal European Central Bank also decided to stop funding to certain Greek banks, however the central banks also disclosed that it would continue to support […]

Gold Gains on Weaker US Jobs Data - May 4, 2012 23:45

Gold futures ended higher on Friday as the latest weekly US jobs data disappointed investors. The gold futures contract gained 0.6 percent or $10.40 to settle at $1,645.20 per ounce on the Comex division of the New York Mercantile Exchange. Gold has gained 1.2 percent for the week. The precious metal remained volatile the whole […]

Gold Declines after ISM’s Manufacturing Data - May 2, 2012 23:51

Gold futures ended lower on Tuesday in reaction to the better than expected US manufacturing data for the month of April. Gold remained volatile the whole session and actually was in positive zone before the release of ISM’s index. Gold futures contract for June delivery fell 0.1 percent or $1.80 to settle at $1,662.40 per […]