Crude Oil: Oil gained as crude stockpiles declined last week; trading lower this morning

Posted on June 5, 2013 by GCI Financial

  Crude Oil prices advanced 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 93.88, after the American Petroleum Institute (API) registered a drop in crude stock piles. The API reported that crude inventories dropped 7.8 … Continue reading →

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Silver: White metal converging with its MA’s

Posted on June 5, 2013 by GCI Financial

  Silver prices declined 0.85% to the USD22.56 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.64, 0.35% higher from yesterday’s close. Silver is expected to find support at 22.38, … Continue reading →

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Gold: Yellow metal reverses its yesterday’s losses

Posted on June 5, 2013 by GCI Financial

  Gold prices traded lower by 0.99% against the USD in the 24 hour period ending 23:00GMT, at 1399.75 per ounce, as the greenback strengthened. The precious metal also came under pressure after India, the world’s largest gold consumer, widened … Continue reading →

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Crude Oil: Oil gained on encouraging European PMI data; trading lower this morning

Posted on June 4, 2013 by GCI Financial

  Crude Oil prices rebounded 2.07% against the USD for the 24 hour period ending 23:00GMT, closing at 93.26, as investor sentiment was lifted by manufacturing purchasing managers’ index (PMI) data from European nations, which showed that a downturn in … Continue reading →

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Silver: White metal advanced as the US dollar weakened; trading lower this morning

Posted on June 4, 2013 by GCI Financial

  Silver prices rose 2.17% to the USD22.76 per ounce during the 24 hours ending 23:00GMT, amid a weak dollar. In the Asian session, at GMT0300, Silver is trading at 22.67, 0.40% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on June 4, 2013 by GCI Financial

  Gold prices traded higher by 1.64% against the USD in the 24 hour period ending 23:00GMT, at 1413.76 per ounce. In the Asian session, at GMT0300, Gold is trading at 1411.10, 0.19% lower from yesterday’s close. Gold is expected … Continue reading →

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Gold: Yellow metal retreated as dollar gained strength; trading higher this morning

Posted on June 3, 2013 by GCI Financial

  On Friday Gold prices traded lower by 1.95% against the USD in the period ending 21:00GMT, at 1387.92 per ounce, as the greenback strengthened. On Friday, the World Gold Council indicated that the demand for precious metal in India, … Continue reading →

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Crude Oil: OPEC maintained its production target

Posted on June 3, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 1.66% against the USD for the period ending 21:00GMT, closing at 91.97. On Friday, the Organization of Petroleum Exporting Countries (OPEC) kept its production target unchanged at the group’s 30 million barrels per … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on June 3, 2013 by GCI Financial

  On Friday, Silver prices declined 2.64% to the USD22.26 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.37, 0.48% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Crude Oil: US crude inventories rose to the highest level since 1978, indicates EIA

Posted on May 31, 2013 by GCI Financial

  Crude Oil prices advanced 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 93.52, as tepid GDP and jobless claims data eased concerns that the US Federal Reserve would begin to gradually scale back its … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on May 31, 2013 by GCI Financial

  Silver prices rose 1.60% to the USD 22.86 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.81, 0.24% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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