Crude Oil: Oil prices trading above $105 per barrel

Posted on July 26, 2013 by GCI Financial

  Crude Oil prices climbed 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 105.53. In the Asian session, at GMT0300, Crude Oil is trading at 105.57, slightly higher from yesterday’s close. Crude oil is expected … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver snaps its yesterday’s gains

Posted on July 26, 2013 by GCI Financial

  Silver prices rose 0.96% to the USD20.30 per ounce during the 24 hours ending 23:00GMT, after data in the US revealed that more individuals sought out jobless assistance last week than expected, which weakened the US Dollar. In the … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continues to cement gains

Posted on July 26, 2013 by GCI Financial

  Gold prices traded higher by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1334.63 per ounce, as the greenback drifted lower on rising speculation the Federal Reserve would reassure investors that policy will remain accommodative … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil prices tumbled on Chinese growth concerns

Posted on July 25, 2013 by GCI Financial

Crude Oil prices declined 2.08% against the USD for the 24 hour period ending 23:00GMT, closing at 105.19, as poor Chinese manufacturing data re-ignited concerns over oil demand from the world’s second largest oil consumer. Yesterday, the Energy Information Administration … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal reverses its yesterday’s losses

Posted on July 25, 2013 by GCI Financial

Silver prices fell 1.43% to the USD20.10 per ounce during the 24 hours ending 23:00GMT, in line with fall in gold prices. In the Asian session, at GMT0300, Silver is trading at 20.11, marginally higher from yesterday’s close. Silver is … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold trading higher this morning

Posted on July 25, 2013 by GCI Financial

Gold prices traded lower by 2.04% against the USD in the 24 hour period ending 23:00GMT, at 1315.77 per ounce, as greenback strengthened after upbeat US housing and manufacturing data reminded investors that the nation was still closer to tempering … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil prices edged higher on API report, trading lower this morning

Posted on July 24, 2013 by GCI Financial

  Crude Oil prices strengthened 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at 107.42, following a drop in oil inventories. Later yesterday, the American Petroleum Institute reported that the US oil inventories fell 1.4 million … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver continues to trade lower this morning

Posted on July 24, 2013 by GCI Financial

  Silver prices dropped 0.84% to the USD20.40 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.33, 0.34% lower from yesterday’s close. Silver is expected to find support at 20.11, … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal trading above its MA’s

Posted on July 24, 2013 by GCI Financial

  Gold prices traded higher by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1343.11 per ounce, buoyed by expectations for more demand from China and due to weakness in the greenback. In the Asian session, … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil prices fell on weak US housing data, witnessing gains in the Asian session

Posted on July 23, 2013 by GCI Financial

  Crude Oil prices tumbled 1.34% against the USD for the 24 hour period ending 23:00GMT, closing at 106.99, as weak US housing data raised concerns that economic growth would stall in the US, world’s biggest oil consumer. Traders await … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading lower this morning after a spike propelled yesterday on bargain hunting

Posted on July 23, 2013 by GCI Financial

  Silver prices ticked up 3.71% to the USD20.57 per ounce during the 24 hours ending 23:00GMT, as a sharp drop in prices last week encouraged fresh buying. In the Asian session, at GMT0300, Silver is trading at 20.46, 0.52% … Continue reading →

Posted in Silver | Leave a comment