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Gold
Futures Trading Update
With
crude oil prices looming, and a climate of international
financial uncertainty; gold trading has
showed substantial increases over the prior fiscal year.
 Current
Gold Highlights
August 8, 2011 - gold tops $1700 following Friday's announcement by
the rating agency S&P of the U.S. downgrade.
July 18, 2011 -
difficulities related to the U.S. debt send gold over the $1600 mark, settling
at 1602.90 for September delivery.
June 29, 2011
- the debt crisis in Greece continues to play a role in trading, in particular,
the austerity measures as it closed at $1510.40 for August delivery on Comex.
June 3, 2011
- gold shows an increase as the U.S. Jobs report indicates continuing
unemployment levels above 9%, hinting at a prolonged recovery. Opening
for July at $1535.
May
6, 2011 - opening at $1475 and ounce for July delivery,
gold futures trading shows resiliency as the metal rises
above the $1490 mark.
April
11,
2011 - gold futures are sent to open at $1474.80
per ounce for May, as political instability, global inflation
and Libyan oil compromises/the price of crude continue
to fuel upward
pricing.
March
21, 2011 - the metal started at $1424.20 for the day for
April contract with Middle East unrest in the area of Libya
and Bahrain. Investors
grow concerned over whether the crisis will be contagious
with other countries.
February
21, 2011 - political instability in the Mideast and Libya
causes spot gold to tip $1406 and futures trading over
the $1400 mark.
January 28, 2011 - spot gold rises approximately 2%
to close at $1338.40 due to civil chaos in Egypt along
with its potential spread, that countered its
recent losses which were based largely on economic
announcements.
Last update - August 8, 2011
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