|
|
|
 Gold
Futures Trading through 2010
Following is activity for gold for related to futures.
December 31, 2010 - closing at $1404, some
selling-off causes a year end dip.
December 2, 2010 - both spot and futures contracts (February
delivery) for gold continue strong, lingering near the $1400
threshold
- this coinciding with European debt issues & the growing
concern of possible inflation due to US montary policies.
November 8th, 2010 - gold continues it upward
trend, surpassing the $1400 per ounce mark.
October 24th, 2010 - during the week, the price
of gold futures decline, after at three week surge
that
had reached
all time records -- attributable to the G20 meeting
and a stengthening dollar.
September
24, 2010 - gold breaks the $1300 per ounce mark rising
to $1301.60 before settling at $1298.10
August 26, 2010 reports of declining home sales mainly
within the prior day, elicit gold's safe haven
value. December delivery futures almost reach
a two month trading high.
Aug 2, 2010 - gold trading begins to level as a safe
haven as some investors switch to bet on the strength
of
the euro, after rising the prior Friday.
July 8, 2010 - steadying, the price of trading stays
at around the $1,200 level.
June 18, 2010 - spot reaches a record high
of $1,245.60 tipping the May high of $1,243.10
June 8, 2010 - the yellow metal spikes to a record
high for August delivery at $1,254.50 ounce that is
followed
by a slight retreat.
May 18, 2010 - the week of the 10th - gold reaches
an record high, nearly at $1250 per ounce while confidence
in the metal as a safe haven persists, during
a deepening period of
trouble with the euro.
April 9, 2010 - gold for June delivery settles
at $1,161.90 ounce, a four month record since
December. The rise attributable to uncertainty
in the gloabl economy.
By March 23rd, 2010 the dollar
shows signs of getting stronger which results
in lowering gold futuress.
February 22, 2010 - gold's rise at last weeks
end, attributable to the risk of default in Greece
and expectations in loss of strength in the U.S
dollar.
By weeks end on January 22nd, 2010 gold futures
for February dip as well as mining shares due to
the China situation and the Obama administration's
announcement for banking regulations.
|
|
