Posts Tagged ‘SPDR Gold Trust’
Gold and Oil News - March 30, 2012 23:53
Gold Futures Decline on US GDP Growth Rate
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 Decline as Investors Opt for Profit Taking
Gold futures declined on Tuesday as investors went for profit taking. The precious metal gained consistently for last two sessions and almost touched the benchmark of $1,700 per ounce which intrigued investors to realize profits. Gold futures surged 1.4 percent on Monday’s trading session in reaction to US Fed’s Chairman, Ben Bernanke who showed his […]
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 find Resistance at $1,600 per Ounce
Gold futures saw resistance at $1,600 per ounce on Wednesday after the positive development on US and euro zone’s debt situation. Senior market strategist, Adam Klopfenstein from Lind-Waldock in Chicago commented, “Optimism towards the budget and the debt-ceiling pulled gold lower,†he further added, “There’s still a lot of risk factors in the global economy.†[…]
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