Results: 126 - 134 of 134 for Metals Futures News ( 0.014 seconds )
Germany's Commerzbank AG sees gold rising to around $1,350 per troy ounce in the next three weeks, <a href="http://www.businessweek.com/news/2010-09-30/gold-falls-from-record-as-dollar-rebound-spurs-investor-selling.html" target="_blank">Bloomberg News</a> reports. Technical analysts at the bank's branch in London employed Fibonacci analysis to chart the price of the yellow metal moving forward.
Commodity traders considered the possibility that the U.S. Federal Reserve might pump more liquidity into the economy in order to jump start it - and promptly invested their dollars into precious metals.
Manufacturing in China continued to grow in the last month, according to a purchasing managers' index compiled by HSBC Holdings and Markit Economics. That helped boost copper futures, since China is the world's largest consumer of the key industrial metal.
As the dollar fell against most of the world's major currencies - including the Japanese yen, the euro and the Swiss franc - gold futures in the U.S. set a new high, while silver futures climbed to the highest level in over thirty years.
A slight but sustained increase in the price of gold futures on Monday betrayed investors' nervousness about risky assets and their desire for a safe haven. Gold futures for December delivery climbed 80 cents to $1,299 per troy ounce, just shy of the key $1,300-per-ounce level. Last week, gold briefly broke through that barrier before slipping back slightly.
Precious metals futures delivered a stunning performance on Sunday, with gold rising past the key $1,300 per troy ounce mark while silver advanced to a 30-year record high.
After a shaky day yesterday, gold futures staged another rally as commodity traders processed the latest statement from the Federal Reserve. The Federal Open Market Committee met yesterday, committing once again to a steady $2 trillion balance sheet, near-zero interest rates and potential quantitative easing if the economy worsens.
Gold futures lost some ground ahead of a meeting of the Federal Open Market Committee today, as some traders locked in gains from three straight record-breaking days.
The price of gold hit a new record on Monday, as traders weighed the possibility that central banks from the U.S. to Japan may engage in further quantitative easing, making the yellow metal more attractive than currencies for the time being.
Results: 126 - 134 of 134 for Metals Futures News ( 0.014 seconds )
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MOST CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED IN THE PAST SEVERAL YEARS.THERE ARE USUALLY UNDERLYING, FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR YEAR.EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST, OR WILL IN THE FUTURE, ACHIEVE PROFITS USING THESE RECOMMENDATIONS.NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE.
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