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Gold Rises Prior to ECB Action

New York, June6 (alphajetsusa.com) - On Wednesday, as investors wait for ECB action, the price of Gold firmed after rising in tandem with euro and risky assets. As the Group of Seven Emergency conference call on Tuesday failed to produce any solid solution, the European Central Bank is now prepared … [Read more...]

Gold Futures Extend Losses For The Fourth Consecutive Month

New York, June 1 (alphajetsusa.com) - Gold slipped on Thursday, on course  for the worst run of monthly losses in almost 13 years as a weaker euro and economic uncertainties in Europe forced jittery investors to flee to  the relative safety of the US dollar. For the month, gold is trading down … [Read more...]

Gold Comes Back Stronger On London Market After Four Seasons of Decline

New York, May 25 (alphajetsusa.com) - Gold shone as it should on the London market on Friday whipping out all the losses registered for last four seasons. The Gold prices soared to new high of $1,560 an ounce even as the euro went up against the dollar from its decline seen in last two years. The … [Read more...]

Buy Gold For Rest of The Year, Says World Gold Council

New York, May 25 (alphajetsusa.com) - Gold prices are likely surge upwards with greater momentum once the Greek's exit from the euro zone. Since February, gold prices have been declining as a result of overall weakening of  world economy and the policy makers worries of macroeconomic factors. According … [Read more...]

Gold Advances On Weak Job Data, European Political Uncertainty

New York, May 5 (alphajetsusa.com) - Gold futures settled higher Friday as weaker than expected US job data in April along with prevailing political uncertainty in Europe, enhanced the safe haven status of the precious metal. Gold for June delivery, the most actively traded contract, gained $10.40  … [Read more...]

Gold Surges On Weak US GDP, Continuing Euro Zone Debt Crisis

New York, April 30 (alphajetsusa.com) - On Friday gold futures settled higher, extending gains for the fourth consecutive session and marking its biggest weekly gain since late February, as the disapponting  US GDP data coupled with  worsening Euro-zone sovereign debt crisis continued to … [Read more...]

Outlook On Precious Metals As On April 11

New York, April 11 (alphajetsusa.com) - On Monday, precious metals came out mixed as gold and platinum progressed while silver and palladium receded. The US dollar, that remained weak on US payroll data, spurred the commodity group, while soft equities constrained the gains. Moreover, investors continue … [Read more...]

Gold And Silver Outlook As On March 23

New York, March 23 (alphajetsusa.com) - On Thursday, Gold and Silver prices somewhat slipped down and started their mixed trend from gains to losses on an every day basis. On Thursday, these commodities ended the session in red owing to the news that the EU manufacturing index plunged to 48.7 from … [Read more...]

RBS: Central Bank Gold Demand To Drop In 2018

New York, March 6 (alphajetsusa.com) - According to a report published by Royal Bank of Scotland Group (NYSE: RBS), the purchase of gold by central banks is expected to decline in 2018. The bank predicts that, this year, the central banks across the globe will buy 300 tonnes of gold, as compared to … [Read more...]

NYSE Unveils Mini Options On Precious Metals

NEW YORK, March 3 (alphajetsusa.com) - NYSE Euronext has rolled out mini-sized options on gold and silver futures contracts in the market. The options are unveiled to beat the increasing demand for metal trades among retail clients and hedge funds. Gold and silver are the two metals that are mainly … [Read more...]