Gold: Gold lower after Fed minutes

Posted on August 22, 2013 by GCI Financial

Gold prices traded lower by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1359.53 per ounce, as the greenback strengthened, after the Fed minutes showed that policymakers broadly supported the Fed Chairman Ben Bernanke’s view to … Continue reading →

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Crude Oil: Crude Oil declined as supply concerns from Libya eased

Posted on August 21, 2013 by GCI Financial

  Crude Oil prices declined 1.69% against the USD for the 24 hour period ending 23:00GMT, closing at 105.22, amid speculation that the Fed might begin tapering its stimulus measures next month. Meanwhile, concerns over the supply prospect of the … Continue reading →

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Silver: White metal recoups its yesterday’s losses

Posted on August 21, 2013 by GCI Financial

  Silver prices fell 0.60% to the USD23.01 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.14, 0.56% higher from yesterday’s close. Silver is expected to find support at 22.52, … Continue reading →

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Gold: Yellow metal rose encouraged by strong demand prospect from Asia

Posted on August 21, 2013 by GCI Financial

  Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1369.50 per ounce, buoyed by speculation that upcoming festivals in India, might spur physical demand for the commodity. Investors also await the … Continue reading →

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Gold: Yellow metal regaining its previous session losses this morning

Posted on August 20, 2013 by GCI Financial

  Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1365.71 per ounce. In the Asian session, at GMT0300, Gold is trading at 1366.78, marginally higher from yesterday’s close. Gold is expected … Continue reading →

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Silver: Silver backpedalled yesterday following a sharp rally last week

Posted on August 20, 2013 by GCI Financial

  Silver prices fell 0.47% to the USD23.15 per ounce during the 24 hours ending 23:00GMT, as investors cashed out of the market to lock in gains after prices rallied last week. In the Asian session, at GMT0300, Silver is … Continue reading →

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Crude Oil: Crude Oil continues to trade lower this morning

Posted on August 20, 2013 by GCI Financial

  Crude Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 107.03, amid uncertainty over when the US Federal Reserve would scale back its bond-buying program. However, unrest in Egypt and reduced oil … Continue reading →

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Silver: Silver trading higher in the Asian session

Posted on August 19, 2013 by GCI Financial

  On Friday, Silver prices rose 1.43% to the USD23.26 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.54, 1.21% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Crude Oil: Oil ended lower amid unrest in Egypt and Libya, trading tad lower this morning

Posted on August 19, 2013 by GCI Financial

On Friday, Crude Oil prices advanced 0.28% against the USD for the period ending 21:00GMT, closing at 107.46, as escalating tensions in Egypt and Libya raised worries over oil supply. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Gold: Yellow metal continues to trade higher this morning

Posted on August 19, 2013 by GCI Financial

On Friday Gold prices traded higher by 0.92% against the USD in the period ending 21:00GMT, at 1376.87 per ounce, as greenback fell on disappointing US consumer sentiment data, denting hopes for a speedy economic recovery. In the Asian session, … Continue reading →

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Crude Oil: Oil gained amid supply concerns

Posted on August 16, 2013 by GCI Financial

Crude Oil prices advanced 0.19% against the USD for the 24 hour period ending 23:00GMT, closing at 107.16, as escalating violence in Egypt raised concerns of supply disruptions from the Middle East. In the Asian session, at GMT0300, Crude Oil … Continue reading →

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