Crude Oil: Oil advanced on Chinese data

Posted on August 12, 2013 by GCI Financial

On Friday, Crude Oil prices advanced 2.14% against the USD for the period ending 21:00GMT, closing at 105.97, as prospects for the commodity improved following a rise in industrial production in China, the world’s second largest oil consumer. In the … Continue reading →

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Silver: White metal moving higher in the Asian session

Posted on August 12, 2013 by GCI Financial

On Friday, Silver prices rose 1.34% to the USD20.56 per ounce during the period ending 21:00GMT, on increased demand for industrial metals. In the Asian session, at GMT0300, Silver is trading at 21.13, 2.78% higher from Friday’s close. Silver is … Continue reading →

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Gold: Yellow metal trading higher in the morning session

Posted on August 12, 2013 by GCI Financial

  On Friday, Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1314.40 per ounce, amid signs of improvement in the Chinese economy. In the Asian session, at GMT0300, Gold is trading at 1330.02, 1.19% … Continue reading →

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Crude Oil: Oil trading higher above $104 per barrel on bottom fishing

Posted on August 9, 2013 by GCI Financial

  Crude Oil prices declined 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 103.75, on jitters over the outlook for US stimulus and on expectations that the North Sea supply will improve next month after … Continue reading →

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Silver: White metal rallied on inspiring Chinese data, trading lower this morning

Posted on August 9, 2013 by GCI Financial

  Silver prices surged 3.84% to the USD20.29 per ounce during the 24 hours ending 23:00GMT, as better-than-expected imports of the metal in top consumer China reinforced hopes of a revival in demand for industrial metals. In the Asian session, … Continue reading →

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Gold: Gold trading well above $1300 levels

Posted on August 9, 2013 by GCI Financial

  Gold prices rose 2.34% against the USD in the 24 hour period ending 23:00GMT, at 1313.99 per ounce, as the greenback weakened against basket of currencies. Also, strong Chinese imports data added support to precious metals. In the Asian … Continue reading →

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Crude Oil: Crude Oil reverses its trend in the Asian session

Posted on August 8, 2013 by GCI Financial

  Crude Oil prices fell 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 104.18, as concerns over supply disruptions ebbed, amid continuous progress in resolving supply disruptions in Libya and as Iran’s new President earlier … Continue reading →

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Silver: White metal higher after trading flat

Posted on August 8, 2013 by GCI Financial

  Silver prices traded flat to close at USD 19.54 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 19.74, 1.04% higher from yesterday’s close. Silver is expected to find support … Continue reading →

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Gold: Yellow metal continues to rise this morning

Posted on August 8, 2013 by GCI Financial

  Gold prices traded slightly higher against the USD in the 24 hour period ending 23:00GMT, at 1283.90 per ounce, as physical demand from Asian countries provided support to gold prices, shrugging off news that another Fed President hinted at … Continue reading →

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Crude Oil: Oil losses capped on encouraging US oil inventories data

Posted on August 7, 2013 by GCI Financial

  Crude Oil prices dropped 0.81% against the USD for the 24 hour period ending 23:00GMT, closing at 105.68. Iran’s new President, Hassan Rouhani, in his first news conference since taking the oath on Sunday, indicated that he was “seriously … Continue reading →

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Silver: White metal continues its downtrend

Posted on August 7, 2013 by GCI Financial

  Silver prices dropped 0.90% to the USD19.54 per ounce during the 24 hours ending 23:00GMT, over sluggish demand. In the Asian session, at GMT0300, Silver is trading at 19.42, 0.60% lower from yesterday’s close. Silver is expected to find … Continue reading →

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