Crude Oil: Oil advanced as OPEC warned of reduction in shipments

Posted on March 25, 2013 by GCI Financial

  On Friday, Crude Oil prices advanced 1.44% against the USD, closing at 93.71, after the Organization of Petroleum Exporting Countries (OPEC) indicated that it would reduce oil shipments over the next few weeks. In the Asian session, at GMT0400, … Continue reading →

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Silver: White metal fell sharply on Friday, trading higher in the Asian session

Posted on March 25, 2013 by GCI Financial

  On Friday, Silver prices declined 1.50% to the USD28.74 per ounce. In the Asian session, at GMT0400, Silver is trading at 28.89, 0.52% higher from Friday’s close. Silver is expected to find support at 28.60, and a fall through … Continue reading →

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Gold: Yellow metal retreated as safe haven demand dropped, trading higher this morning

Posted on March 25, 2013 by GCI Financial

  On Friday, Gold prices traded lower by 0.46% against the USD, at 1608.58 per ounce, as demand for the safe haven metal decreased following news that Greece may raise the stakes it owns in Cypriot banks to ease the … Continue reading →

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Crude Oil: Oil pushed lower amid ongoing Cyprus worries, feeble European data; trading higher this morning

Posted on March 22, 2013 by GCI Financial

  Crude Oil prices declined 1.03% against the USD for the 24 hour period ending 23:00GMT, closing at 92.38, dragged down by concerns over the ongoing debt crisis in Cyprus and worries that it could spread further into Europe. Yesterday, … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on March 22, 2013 by GCI Financial

  Silver prices rose 1.22% to the USD29.18 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold. In the Asian session, at GMT0400, Silver is trading at 29.12, 0.19% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal higher on Cyprus debt fears, trading lower this morning

Posted on March 22, 2013 by GCI Financial

  Gold prices traded higher by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1615.95 per ounce, on safe-haven buying after the European Union indicated that it would cut off liquidity to Cypriot banks, raising concerns … Continue reading →

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Crude Oil: Oil advanced as crude stockpiles drop; trading lower this morning

Posted on March 21, 2013 by GCI Financial

  Crude Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 93.34, after the EIA recorded an unexpected drop in oil supplies last week. Yesterday, the Energy Information Administration (EIA) reported that, for … Continue reading →

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Silver: White metal recorded a decline; trading higher this morning

Posted on March 21, 2013 by GCI Financial

  Silver prices declined 0.41% to the USD28.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.88, 0.18% higher from yesterday’s close. Silver is expected to find support at 28.70, … Continue reading →

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Gold: Yellow metal trading tad higher this morning

Posted on March 21, 2013 by GCI Financial

  Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1606.57 per ounce, snapping its four-day winning streak, despite news that the Federal Reserve would keep interest rates at ultra-low levels. In … Continue reading →

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Silver: White metal traded slightly lower

Posted on March 20, 2013 by GCI Financial

  Silver prices fell marginally declined to the USD28.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.92, marginally lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Precious metal gained after Cyprus rejected deposit tax; trading tad lower this morning

Posted on March 20, 2013 by GCI Financial

  Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1613.01 per ounce, on renewed flight-to-safety investment after the Cyprus’ Parliament rejected the controversial bank deposit levy plan set forth by the … Continue reading →

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