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Gold futures gained marginally on Thursday as participants remained bullish on the metal despite recent gains, but a stronger greenback limited the gains. Thinly traded nearby April gold rose 70 cents to $1,159.70, while most-active June gold settled at $1,160.30 an ounce on the Comex division
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Positive economic data and optimism about the economic recovery fueled a rise in gold and palladium prices on April 14, 2010. The US retail sales increased by 1.6% in March, exceeding economist predictions, which boosted market appetite for metals and pressured the US dollar. A weaker greenback made gold
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Gold futures saw a slight gain on Tuesday, with investors buying the metal as an inflation hedge and safe haven, while fresh worries about Greek finances also boosted the U.S. dollar. The June gold contract rose $2.20, or 0.2%, to settle at $1,136 an ounce, while
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Gold futures rose on Monday as a string of positive economic news, including Friday's US payrolls numbers, gave investors confidence to move out of the US dollar and into perceived riskier assets like gold and stocks. The New York Mercantile Exchange's June gold futures contract rose
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As the Federal Reserve announced that it would leave the fed funds rate unchanged at a record low, gold futures prices climbed slightly higher on Wednesday morning. The decision, taken in the wake of softer-than-expected U.S. producer price index data, has encouraged investment in gold as a risk play
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Gold futures surged higher after the Federal Reserve left interest rates unchanged, with most-actively traded April gold settling at $1,122.50 an ounce, a 1.5% gain. The metal saw further gains in electronic after-hours trading, reaching $1,125.80, as market participants positioned themselves bullishly ahead of the
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Copper futures slipped along with crude oil and other metals as equities were unable to sustain gains, giving investors pause about holding a bullish position in the red metal. The Comex May copper contract declined 4.35 cents, or 1.3%, to settle at $3.3680 a pound. Analysts attributed
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Coca-Cola CEO Muhtar Kent received a total compensation of $18.8 million in 2009, according to a regulatory filing. Meanwhile, Burger King franchisees have dropped a lawsuit against the fast-food chain related to soda sales rebates. The U.K. regulators are investigating Kraft Foods for potential misleading statements during its
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Gold futures traded lower on Thursday, as investors became anxious about Greece's ability to deal with its debt situation. The euro's decline and the downgrading of Deutsche Bank's ratings by Moody's Investor Service also contributed to the metal's pullback. Despite
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Gold futures surged to a 1.5-month high as the metal followed crude oil higher and benefited from strong buying against other currencies. The gains were fueled by a technical breakout as gold rose through a key resistance level, prompting additional buying. At the peak, most-active April gold climbed to
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The Chicago Board of Trade corn futures market concluded the day in an upward trajectory, driven by a benevolent government ending-stocks projection and supportive outside market factors. The March corn contract settled at $3.58 1/2 per bushel, representing a 2 1/2 cents increase, while the May contract
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Oil futures stabilized in Europe Monday after heavy losses last week, as traders hoped that colder weather and a pause in the dollar rally could help crude recover. Despite sovereign debt woes in Europe and talk of tighter credit in China, analysts remained upbeat about the prospects of a recovery
