Gold: Yellow metal loses shine amid a strong dollar

Posted on March 14, 2013 by GCI Financial

  Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1589.29 per ounce, as the dollar strengthened following upbeat US retail sales figures. In the Asian session, at GMT0400, Gold is trading … Continue reading →

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Crude Oil: Oil rose on OPEC and API reports

Posted on March 13, 2013 by GCI Financial

  Crude Oil prices advanced 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 92.59, boosted by global oil demand outlook report from the Organization of Petroleum Exporting Countries (OPEC) and as crude oil inventories in … Continue reading →

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Silver: White metal trading tad higher in the Asian session

Posted on March 13, 2013 by GCI Financial

  Silver prices rose 0.52% to the USD29.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.18, marginally higher from yesterday’s close. Silver is expected to find support at 28.92, … Continue reading →

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Gold: Yellow metal rose following ECB policymaker comments

Posted on March 13, 2013 by GCI Financial

  Gold prices traded higher by 0.65% against the USD in the 24 hour period ending 23:00GMT, at 1592.80 per ounce, as demand prospects for the yellow metal increased after the European Central Bank (ECB) policymaker, Jens Weidmann indicated that … Continue reading →

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Crude Oil: Trading tad higher this morning

Posted on March 12, 2013 by GCI Financial

  Crude Oil prices advanced 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 92.06. Earlier, Oil prices were under pressure after weak Chinese economic data over the weekend lowered the outlook for energy demand. Additionally, … Continue reading →

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Silver: White metal trading above its MA’s

Posted on March 12, 2013 by GCI Financial

  Silver prices rose 0.19% to the USD29.02 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.05, marginally higher from yesterday’s close. Silver is expected to find support at 28.82, … Continue reading →

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Gold: Yellow metal moving northwards in the Asian session

Posted on March 12, 2013 by GCI Financial

  Gold prices traded higher by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1582.46 per ounce. In the Asian session, at GMT0400, Gold is trading at 1584.04, 0.10% higher from yesterday’s close. Gold is expected … Continue reading →

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Crude Oil: Oil trading lower as Saudi Arabia increased crude production and on tepid Chinese data

Posted on March 11, 2013 by GCI Financial

  On Friday, Crude Oil prices advanced 0.52% against the USD, closing at 91.95, helped by a positive US February jobs report. A report released by the Labor Department last Friday showed that the US employers added 236,000 new jobs … Continue reading →

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Silver: White metal trading higher this morning

Posted on March 11, 2013 by GCI Financial

  On Friday, Silver prices rose 0.38% to the USD29.00 per ounce. In the Asian session, at GMT0400, Silver is trading at 29.05, 0.16% higher from Friday’s close. Silver is expected to find support at 28.54, and a fall through … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on March 11, 2013 by GCI Financial

  On Friday, Gold prices traded marginally higher against the USD, at 1578.80 per ounce. Gains in the yellow metal were limited as the US Dollar rose, after the US jobs data outperformed market expectations. In the Asian session, at … Continue reading →

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Crude Oil: Oil rose as optimism over demand increased, trading lower this morning

Posted on March 8, 2013 by GCI Financial

Crude Oil prices advanced 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 91.47, amid signs of improving employment outlook as decline in the US jobless claims fuelled hopes for a rise in oil demand. In … Continue reading →

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