Silver: White metal slumped following disappointing FOMC meeting minutes

Posted on February 21, 2013 by GCI Financial

  Silver prices slipped 2.75% to the USD28.63 per ounce during the 24 hours ending 23:00GMT, as demand for the industrial metal eroded after minutes of the Federal Reserve’s latest meeting showed debate about ending quantitative easing before hiring picks … Continue reading →

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Gold: Yellow metal loses its shine, tumbled well below crucial $1600 per ounce levels

Posted on February 21, 2013 by GCI Financial

  Gold prices slumped by 2.34% against the USD in the 24 hour period ending 23:00GMT, at 1567.68 per ounce, after the rumors that a large commodity hedge fund had been forced to liquidate its commodity holdings. Moreover, prices were … Continue reading →

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Crude Oil: Oil lifted by better-than-expected German economic data, trading lower in the Asian session

Posted on February 20, 2013 by GCI Financial

  Crude Oil prices advanced 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 96.72, as investor sentiment improved following the release of upbeat German economic sentiment data. In the Asian session, at GMT0400, Crude Oil … Continue reading →

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Silver: White metal dropped on shrinking demand, trading higher in the Asian session

Posted on February 20, 2013 by GCI Financial

  Silver prices fell 1.82% to the USD29.44 per ounce during the 24 hours ending 23:00GMT, amid sluggish industrial demand and reduced off-take by traders. In the Asian session, at GMT0400, Silver is trading at 29.57, 0.44% higher from yesterday’s … Continue reading →

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Gold: Yellow metal retreated on profit booking, trading higher this morning

Posted on February 20, 2013 by GCI Financial

  Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1605.25 per ounce, as profit booking prevailed among gold traders amid signs that global financial strains are easing. In the Asian session, … Continue reading →

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Crude Oil: Oil trading higher in the Asian session

Posted on February 19, 2013 by GCI Financial

  Crude Oil prices declined 0.39% against the USD for the 24 hour period ending 23:00GMT, closing at 95.48, as concerns over global economic growth weighed on investor sentiment. Additionally, oil markets witnessed thin trading as US markets remained closed … Continue reading →

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Silver: White metal continues previous session gains

Posted on February 19, 2013 by GCI Financial

  Silver prices rose 0.44% to the USD29.98 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.09, 0.34% higher from yesterday’s close. Silver is expected to find support at 29.90, … Continue reading →

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Gold: Yellow metal shines in the Asian session

Posted on February 19, 2013 by GCI Financial

  Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1611.00 per ounce. In the Asian session, at GMT0400, Gold is trading at 1614.65, 0.23% higher from yesterday’s close, boosted by strong physical … Continue reading →

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Silver: White metal trading higher this morning

Posted on February 18, 2013 by GCI Financial

  On Friday, Silver prices declined 2.06% to the USD29.80 per ounce during the 24 hours ending 24:00GMT, amid a stronger dollar. In the Asian session, at GMT0400, Silver is trading at 30.08, 0.93% higher from Friday’s close. Silver is … Continue reading →

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Crude Oil: Oil dropped as US factory production disappointed investors

Posted on February 18, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 1.28% against the USD for the 24 hour period ending 24:00GMT, closing at 96.06, as investor sentiment dented after US factory production slowed in January. Meanwhile, data released over the weekend revealed that … Continue reading →

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Gold: Gold declined as dollar gained on Bernanke’s comments; trading higher this morning

Posted on February 18, 2013 by GCI Financial

  On Friday Gold prices traded lower by 1.50% against the USD in the 24 hour period ending 24:00GMT, at 1610.10 per ounce, as the greenback strengthened after the Federal Reserve Chairman, Ben Bernanke stated that the US economy was … Continue reading →

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