Crude Oil: Oil reverses previous session losses

Posted on May 2, 2013 by GCI Financial

  Crude Oil prices declined 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 90.92, after the Energy Information Administration (EIA) reported that US stockpiles climbed to the highest in 82 years. Yesterday, the US EIA … Continue reading →

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Silver: Industrial metal dropped as manufacturing PMI in the US and China fell

Posted on May 2, 2013 by GCI Financial

  Silver prices declined 2.71% to the USD23.67 per ounce during the 24 hours ending 23:00GMT, as demand for the industrial metal reduced following a drop in the US and Chinese manufacturing PMI and in tandem with the slump in … Continue reading →

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Gold: Yellow metal continues to trade lower in the Asian session

Posted on May 2, 2013 by GCI Financial

  Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1459.15 per ounce, as lackluster US factory and jobs data sparked selloff. Precious metal traders shrugged off the US Federal Reserve’s decision … Continue reading →

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Crude Oil: Oil prices dropped on weak US, Europe data

Posted on May 1, 2013 by GCI Financial

  Crude Oil prices declined 1.38% against the USD for the 24 hour period ending 23:00GMT, closing at 93.14, as weak US manufacturing data, a record rise in Euro-zone’s unemployment rate and drop in Germany’s retail sales raised concerns over … Continue reading →

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Silver: White metal trading tad lower in the Asian session

Posted on May 1, 2013 by GCI Financial

  Silver prices declined 0.72% to the USD24.33 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.31, marginally lower from yesterday’s close. Silver is expected to find support at 24.08, … Continue reading →

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Gold: Yellow metal trading lower in the morning session

Posted on May 1, 2013 by GCI Financial

  Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1475.31 per ounce, amid hopes of further monetary easing by the US and European central-bank. In the Asian session, at GMT0300, Gold is … Continue reading →

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Crude Oil: Oil trading higher ahead of API data

Posted on April 30, 2013 by GCI Financial

Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 92.81, buoyed by upbeat US spending and housing data and amid reports that ongoing violence in Libya is hampering oil production in the … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on April 30, 2013 by GCI Financial

Silver prices declined 0.35% to the USD24.00 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.39, 1.63% higher from yesterday’s close. Silver is expected to find support at 24.11, and … Continue reading →

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Gold: Yellow metal moving northward in the Asian session

Posted on April 30, 2013 by GCI Financial

Gold prices traded lower by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1462.09 per ounce. In the Asian session, at GMT0300, Gold is trading at 1471.60, 0.65% higher from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Oil prices trading lower in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 0.49% against the USD for the period ending 21:00GMT, closing at 92.81, as investor sentiment dented over the uncertain outlook for growth in the world’s largest oil consumers, the US. In the Asian … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, Silver prices declined 1.60% to the USD24.00 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.22, 0.93% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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