Crude Oil: Oil dived as Cypriot Parliament rejected bank deposit levy; trading higher in the Asian session

Posted on March 20, 2013 by GCI Financial

  Crude Oil prices declined 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 92.16, as late Tuesday, the Cypriot parliament overwhelmingly rejected a measure imposing taxes on bank deposits, thereby raising concern that Europe’s debt … Continue reading →

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Crude Oil: Oil prices increased on Saudi comments, Libya clashes; trading tad lower this morning

Posted on March 19, 2013 by GCI Financial

  Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 93.83. Earlier, oil prices came under pressure after news of taxing bank accounts in debt-laden Cyprus raised fears of further turmoil in … Continue reading →

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Silver: White metal moves northwards in the Asian session

Posted on March 19, 2013 by GCI Financial

  Silver prices declined marginally to the USD28.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.99, 0.10% higher from yesterday’s close. Silver is expected to find support at 28.72, … Continue reading →

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Gold: Gold rose on safe-haven buying

Posted on March 19, 2013 by GCI Financial

  Gold prices traded higher by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1606.02 per ounce, surpassing the important $1,600 level as investors sought refuge in the safe-haven metal amid concerns over a controversial bailout … Continue reading →

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Silver: Silver following higher gold prices

Posted on March 18, 2013 by GCI Financial

  On Friday, Silver prices declined 0.34% to the USD28.77 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.78, marginally higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Bizarre Cyprus bailout deal pushes Yellow metal higher

Posted on March 18, 2013 by GCI Financial

  On Friday Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1591.95 per ounce. In the Asian session, at GMT0400, Gold is trading at 1598.27, 0.40% higher from Friday’s close, as unusual bailout deal … Continue reading →

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Crude Oil: Oil gained on upbeat US labour market figures

Posted on March 15, 2013 by GCI Financial

  Crude Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 93.27, as encouraging weekly US labour-market data pointed to further improvements in the broader economy. In the Asian session, at GMT0400, Crude … Continue reading →

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Silver: Industrial metal trading above its MA’s

Posted on March 15, 2013 by GCI Financial

  Silver prices declined 0.35% to the USD28.86 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.93, 0.21% higher from yesterday’s close. Silver is expected to find support at 28.68, … Continue reading →

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Gold: Gold trading tad higher in the Asian session

Posted on March 15, 2013 by GCI Financial

  Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1590.75 per ounce. Earlier, gold prices were pressured after upbeat US labour market data added to evidence of an economic recovery, making safe-haven … Continue reading →

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Crude Oil: Oil fell on rising US oil inventories

Posted on March 14, 2013 by GCI Financial

  Crude Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 92.39, after the EIA posted a larger-than-expected rise in crude oil stock piles. Yesterday, the US Energy Information Administration (EIA) reported that … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on March 14, 2013 by GCI Financial

  Silver prices declined 0.72% to the USD28.97 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.81, 0.54% lower from yesterday’s close. Silver is expected to find support at 28.53, … Continue reading →

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