MUMBAI, June 05 - Comex Gold Trading futures are trading steady after Friday’s surge, as investors were reluctant to bet on further gains in holiday-thinned trading and ahead of potentially market-moving announcements this week from central banks.
Gold futures surged by 3.7% on Friday, settling at a three-week high after a weaker-than-expected reading on the U.S. labor market had [...]
MUMBAI, May 12 - Comex Gold Trading futures fell almost 1 percent on Friday as fears over a worsening European debt crisis and sharp losses in equities and commodities sent the precious metal to its biggest weekly decline this year. The metal came under heavy pressure as disclosures of huge trading losses at JPMorgan Chase & Co, a major [...]
MUMBAI, May 03 - Near Term Comex Gold futures prices ended the U.S. day session lower Wednesday as investor risk appetite shrunk a bit due to fresh worries coming out of the European Union and on some fresh, weak U.S. economic data just released. The key “outside markets” were in a bearish daily posture for the precious metals [...]
MUMBAI, Apr 20 - Near Term Gold Trading technical postures of the gold and silver markets remain tilted in favor of the bears, and that is limiting the upside for both metals. June gold last traded up $1.30 at $1,640.90 an ounce. Spot gold was last quoted down $2.00 an ounce at $1,640.50. May Comex silver last traded up $0.248 [...]
April 20, 2012 | Posted in
Gold Trading |
Read More »
MUMBAI, Apr 04 - Gold Trading prices fell sharply on Tuesday after the Federal Reserve said inflation appears to be under control. Within minutes of Fed release from its March 13 meeting around 2 p.m., and within an hour gold had plunged to about $1,645 per ounce and currently trading at same levels.
Investors often buy gold as a hedge against inflation. But [...]
April 4, 2012 | Posted in
Gold Trading |
Read More »
MUMBAI, Apr 03 - Gold Trading prices are steady around $1,680 levels. Firmer U.S. manufacturing data as well as strong China official purchasing managers index number pushed Wall Street to a fresh four-year high on Monday, and helped lift spot gold prices nearly half a percent.
Federal Reserve policymakers on Monday signaled little appetite for further monetary steps to stimulate U.S. [...]
April 3, 2012 | Posted in
Gold Trading |
Read More »
MUMBAI, Mar 27 - Gold Trading futures prices continued to rally on a speech to business economists, Bernanke said gains in the labor market since last fall could be due to the reversing of large layoffs from earlier in the recession, and that faster economic growth may be the key to further improvements.
“We cannot yet be sure that the recent pace of [...]
March 27, 2012 | Posted in
Gold Trading |
Read More »
MUMBAI, Mar 26 - Gold Trading futures prices on Comex took support at the 62% retracement at USD1628 levels and started its up move. Analysts will look for momentum to shift in gold’s favor this week, particularly now that the metal gained some technical traction this week by bouncing from a chart area that is now being viewed as nearby support
Gold Technical View : [...]
March 26, 2012 | Posted in
Gold Trading |
Read More »
MUMBAI, Mar 15 - Gold Trading futures prices on Comex are trading solidly lower and hit a fresh seven-week low Wednesday morning, on follow-through selling pressure from Tuesday afternoon’s downdraft that was prompted by an upbeat FOMC statement and by news J.P. Morgan declared a dividend after a successful stress test result. Fresh near-term technical damage has been inflicted on [...]
March 15, 2012 | Posted in
Gold Trading,
Mcx Tips |
Read More »
MUMBAI, Mar 14 - Gold Trading price eased by about 2 percent on Tuesday to a seven-week low after the Federal Reserve acknowledged the recent signs of economic strength and offered few clues on further U.S. monetary easing. The metal has fallen 7 percent since late February as some funds might have exited the bullion trade on fears [...]
March 14, 2012 | Posted in
Gold Trading,
Mcx Tips |
Read More »
