Silver: Silver continues to trade higher in the Asian session

Posted on August 16, 2013 by GCI Financial

Silver prices rose 4.86% to the USD22.93 per ounce during the 24 hours ending 23:00GMT, as a decline in the greenback increased demand for the white metal. In the Asian session, at GMT0300, Silver is trading at 23.04, 0.48% higher … Continue reading →

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Gold: Yellow metal moving higher in the Asian session

Posted on August 16, 2013 by GCI Financial

Gold prices traded higher by 1.88% against the USD in the 24 hour period ending 23:00GMT, at 1364.34 per ounce, as the greenback weakened. Traders shrugged off the reports that tighter import rules in India, pushing up prices on the … Continue reading →

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Gold: US CPI data in focus

Posted on August 15, 2013 by GCI Financial

Gold prices traded higher by 1.36% against the USD in the 24 hour period ending 23:00GMT, at 1339.19 per ounce, on broad gains in commodities and as signs of simmering inflation in the US lifted the yellow metal prices. Yesterday, … Continue reading →

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Silver: White metal trading above its moving averages

Posted on August 15, 2013 by GCI Financial

Silver prices rose 1.92% to the USD 21.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.06, 0.88% higher from yesterday’s close. Silver is expected to find support at 21.51, … Continue reading →

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Oil: Unrest in Egypt continues to stoke oil supply concerns

Posted on August 15, 2013 by GCI Financial

Crude Oil prices rose 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 104.50, following a drop in US oil inventories and amid worries over supplies from the Middle East and North Africa. Yesterday, a state … Continue reading →

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Gold: Yellow metal fell after India hiked gold duty, trading higher this morning, trading higher this morning

Posted on August 14, 2013 by GCI Financial

  Gold prices traded tumbled 1.13% against the USD in the 24 hour period ending 23:00GMT, at 1321.19 per ounce, after India, world’s largest gold consumer, hiked import duties on gold for the third time in 2013 to curtail nation’s … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on August 14, 2013 by GCI Financial

  Silver prices rose 0.36% to the USD21.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.43, 0.11% lower from yesterday’s close. Silver is expected to find support at 21.16, … Continue reading →

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Crude Oil: US oil inventories dropped last week, indicates API

Posted on August 14, 2013 by GCI Financial

  Crude Oil prices added 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 106.55, as worries over supplies from OPEC nations, Libya and Iraq supported oil prices. Yesterday, the American Petroleum Institute (API) reported that … Continue reading →

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Crude Oil: Oil prices rose on supply concerns, trading lower in the Asian session

Posted on August 13, 2013 by GCI Financial

  Crude Oil prices rose 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 106.26, as concerns on supply disruptions erupted, after news emerged that Libya shut its biggest oil export terminal and as North Sea … Continue reading →

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Silver: Silver trading lower in the Asian session on profit booking

Posted on August 13, 2013 by GCI Financial

  Silver prices ticked up 2.33% to the USD21.38 per ounce during the 24 hours ending 23:00GMT, tracking gains in the precious metals. In the Asian session, at GMT0300, Silver is trading at 21.27, 0.51% lower from yesterday’s close. Silver … Continue reading →

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Gold: Gold prices ended higher on increased Chinese demand, trading lower this morning

Posted on August 13, 2013 by GCI Financial

  Gold prices traded higher by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1336.23 per ounce, after reports showed that gold consumption in China has increased. The China Gold Association reported that the nation’s gold … Continue reading →

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