Gold futures fell sharply on Wednesday to its lowest level in almost three weeks as energy costs decline, coming under pressure as the dollar rose against most other major currencies.
Gold futures surged on Tuesday after crude oil hit a new record high and the dollar dropped to a record against the euro, boosting the appeal of the precious metal.
By Jon NadlerMetals prices remained within fairly tight ranges overnight as little demand emerged from Asia around the $910 level. The US dollar once again came very close to the critical 1.60 mark against the euro, while crude oil scaled new peaks above $118 spurred by labour problems in the UK and...
Gold futures closed with a subtle gain on Monday, as a drop in the dollar revived demand for the precious metal as a hedge against losses in the U.S. currency.
Gold futures took a sharp plunge on Friday as the precious metal was pressured down by a rising U.S. dollar which lowered investors' demand.Gold for June delivery dropped $27.70 to end at $915...
By Jon Nadler
After scaling up to $953.90 on the back of a new record of $115.50 in crude oil, gold prices turned back to the low $940's as the US dollar climbed to near 71.70 on the index....
Gold futures fell in New York on Thursday as the dollar rallied against the euro. Other precious metals were mixed with platinum and palladium ending lower, while silver gained.Gold for June delive...
Gold futures rose to its highest level in two weeks after the U.S. dollar fell to a new low against the euro. Silver also ended with gains.
Greg McCoach is an entrepreneur who has successfully started and run several businesses the past 22 years. For the last eight of these years he has been involved with the precious metals industry as ...
Gold futures closed with a slight gain on Monday, after weakness in the U.S. dollar led more investors to the precious metal.
Gold futures fell on Friday, extending their dive from the previous session on speculation the precious-metals rally will end after prices failed to match crude, oil and euro prices this week which hit new records.
Gold futures gained 2 percent on Wednesday as crude oil soared to a new record while a weaker U.S. dollar boosted investors demand for the precious metal.
Commodity Online
NEW YORK : Gold and other precious metal follwed oil on their journey south on Wednesday as gold itself pared back heavier losses overnight.June gold was lower by $US8.80...
Gold futures fell on Tuesday after the dollar gained against major currencies and the International Monetary Fund approved a plan to sell more than 14.2 million ounces of its gold reserves to narrow the lender's financial shortfall.
Gold futures rallied in New York on Monday along with other precious-metals futures , helped by a strength in crude oil and worries over the financial stability of the U.S. economy heightened investors demand for the precious metal.
Commodity Online
MUMBAI: Global cues coupled with heavy buying by stockists helped gold to climb more steps on its journey towards north here at the bullion market on Monday.Standard gold...
Gold futures edged higher on Friday, as the dollar slipped after new data reported the biggest unemployment rate climb in five years, raising concerns that the U.S. economy may already be in a recession.
There was no sign of fears of gold prices falling further in the short term yesterday (April 2nd), with many analysts maintaining that the next three months also look positive for the precious metal,...
Commodity Online
MUMBAI: All these months, gold prices have been skyrocketing. But as prices of the precious metal went up and up, there was little cheer among gold traders and dealers in In...
Gold futures plunged below $900 an ounce in New York on Tuesday for the first time in six weeks as the dollar continued to strengthen after taking a beating while investors moved to equities on signs banks are rebounding from U.S. subprime- mortgage losses.
Commodity Online
MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.The precious yellow metal dropped by Rs 460 to ...
Commodity Online MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.