Crude Oil: Oil trading lower on Ben Bernanke comments, rise in the US crude oil inventories

Posted on June 20, 2013 by GCI Financial

  Crude Oil prices declined 0.80% against the USD for the 24 hour period ending 23:00GMT, closing at 97.77, after the Federal Reserve Chairman, Ben Bernanke hinted for a probable pull back of the central bank’s $85 billion bond purchase … Continue reading →

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Silver: Silver traded lower in tandem with gold; moving higher this morning

Posted on June 20, 2013 by GCI Financial

  Silver prices declined 2.21% to the USD21.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.27, 0.24% higher from yesterday’s close. Silver is expected to find support at 21.00, … Continue reading →

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Gold: Gold fell as Fed hints tightening of stimulus measures, trading higher this morning

Posted on June 20, 2013 by GCI Financial

  Gold prices traded lower by 1.73% against the USD in the 24 hour period ending 23:00GMT, at 1344.95 per ounce, as the greenback strengthened after the Federal Reserve signalled a scale back of its bond buying program later this … Continue reading →

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Crude Oil: Oil higher on supply concerns, while inventories dropped; trading lower this morning

Posted on June 19, 2013 by GCI Financial

  Crude Oil prices advanced 0.79% against the USD for the 24 hour period ending 23:00GMT, closing at 98.56, as supply concerns increased following mounting tensions in the Middle East. At the same time, the American Petroleum Institute, in its … Continue reading →

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Silver: Silver continues its downward trend

Posted on June 19, 2013 by GCI Financial

  Silver prices declined 0.78% to the USD21.70 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.60, 0.50% lower from yesterday’s close. Silver is expected to find support at 21.44, … Continue reading →

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Gold: Gold trading lower ahead of the FOMC meeting

Posted on June 19, 2013 by GCI Financial

  Gold prices traded lower by 1.11% against the USD in the 24 hour period ending 23:00GMT, at 1368.64 per ounce, as traders remained cautious over the outcome of the US Federal Reserve meeting. In the Asian session, at GMT0300, … Continue reading →

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Crude Oil: Oil trading higher ahead of the oil inventory report

Posted on June 18, 2013 by GCI Financial

  Crude Oil prices ended flat against the USD for the 24 hour period ending 23:00GMT, closing at 97.79. Investors are concerned that the conflict in Syria could spread and disrupt oil supplies from key producing countries, following reports that … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on June 18, 2013 by GCI Financial

  Silver prices declined 0.72% to the USD21.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.91, 0.17% higher from yesterday’s close. Silver is expected to find support at 21.71, … Continue reading →

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Gold: Yellow metal showing convergence with its MA’s

Posted on June 18, 2013 by GCI Financial

  Gold prices traded lower by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1384.03 per ounce. In the Asian session, at GMT0300, Gold is trading at 1384.12, marginally higher from yesterday’s close. Gold is expected … Continue reading →

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Crude Oil: Oil rose on escalated worries in the Middle East; moving lower this morning

Posted on June 17, 2013 by GCI Financial

  On Friday, Crude Oil prices advanced 1.16% against the USD for the period ending 21:00GMT, closing at 97.78, amid supply concerns following speculation that unrest in Syria would spread to other parts of the Middle East. Also, stronger than … Continue reading →

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Gold: Gold continues to trade higher in the Asian session

Posted on June 17, 2013 by GCI Financial

  On Friday Gold prices higher by 0.31% against the USD in the period ending 21:00GMT, at 1390.70 per ounce. In the Asian session, at GMT0300, Gold is trading at 1391.36, marginally higher from Friday’s close. Gold is expected to … Continue reading →

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