Gold Futures Jump on Weaker Greenback - April 27, 2012 23:49

Gold futures rallied on Thursday and reached their highest in last two weeks in reaction to weakening greenback and decision of US Federal Reserve to keep the interest rates unchanged. Gold futures contract for June delivery jumped 1.1 percent or $18.20 to settle at $1,660.50 per ounce on the Comex division of the New York […]

Gold Declines on Euro Zone Concerns - April 24, 2012 23:59

Gold futures ended lower on Monday as the political and economic situation in euro zone raised many questions among the investors. Gold futures contract for June delivery plunged 0.6 percent or $10.20 to settle at $1,632.20 per ounce on the Comex division of the New York Mercantile Exchange. Investors were concerned ahead of the French […]

Gold Futures Fell on Better US Economic Data - April 17, 2012 23:56

Gold futures fell on Monday as the US dollar strengthened in reaction better than expected US economic data.  Data on US retail sales came upbeat reporting a surprise increase of 0.8 percent for the third consecutive month. Investors were also attracted towards the safe haven status of the precious metal due to debt crisis in […]

Gold Futures Gain on Expectations of QE3 - April 13, 2012 23:49

Gold futures gained on Thursday in reaction to weaker greenback rumors of another round of quantitative easing surfaced. US Federal Reserve officials, William Dudley and Janet Yellen disclosed that the central bank will keep the option of further quantitative easing open. Now the gold investors were investing on the hopes that more quantitative easing will […]

Gold Futures Decline on Profit Taking - April 12, 2012 22:50

Gold futures fell on Wednesday as the investors went for profit taking after three consecutive bullish sessions at Comex. The precious metal remained volatile in the whole session and closed lower as it was looking for direction in search of news headlines. Gold futures contract for June delivery declined $0.40 to settle at $1,660.30 per […]

Gold Futures Decline on US GDP Growth Rate - March 30, 2012 23:53

Gold futures declined on Thursday as bearish sentiments dominated the markets after the release of US gross domestic product growth rate. According to the US Commerce Department the gross domestic product for the fourth quarter gained 3 percent as compared to analysts’ expectations of 3.2 percent. However the economist revised the growth rate to 3 […]

Gold Futures Fell on Demand Uncertainty - March 21, 2012 23:53

Gold futures contract declined on Tuesday as investors were concerned over the demand of the precious metal due to economic slowdown in China. BHP’s president Ian Ashby said on Tuesday in Perth that China’s demand for iron ore is decreasing which will eventually settle down to a single digit figure. The notion created a panic […]

Gold Futures Plunge to Their Lowest in 8 Weeks - March 15, 2012 23:51

Gold futures fell to their lowest on Wednesday in eight weeks as the US Federal Reserve said that US economy is improving and decided not to go for further monetary policy easing. Stronger dollar also kept commodities under pressure. US Federal Reserve’s official decided to keep the interest rate unchanged to its ever low in […]

Investors Take Fresh Position in Gold on Attractive Levels - March 2, 2012 23:50

Gold futures gained on Thursday as investors took fresh position on the precious metals due to its attractive levels. Gold fell in the prior session in reaction to comments of Ben Bernanke who expressed his doubts on US economic recovery. Gold futures for April delivery gained 0.6 percent or $10.90 to settle at $1.722.20 per […]