Gold: Yellow metal headed south as prices dip below $1650 per ounce

Posted on December 21, 2012 by GCI Financial

  Gold prices traded lower by 1.15% against the USD in the 24 hour period ending 23:00GMT, at 1648.44 per ounce, as the Euro fell against the dollar and talks to avoid a fiscal crisis in the US seemed to … Continue reading →

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Silver: White metal fell in line with decline in industrial metal prices

Posted on December 21, 2012 by GCI Financial

  Silver prices declined 3.50% to the USD29.98 per ounce during the 24 hours ending 23:00GMT, as investors exercised caution over negotiations to avert the fiscal cliff in the US. The white metal has been under heavy selling pressure in … Continue reading →

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Crude Oil: Trading lower in the Asian session

Posted on December 21, 2012 by GCI Financial

  Crude Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 90.05, as investor sentiment improved following upbeat US economic data and amid demand from bottom fishers, wiping out earlier losses sustained on … Continue reading →

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Crude Oil: Crude Oil gained following EIA data, trading lower this morning

Posted on December 20, 2012 by GCI Financial

  Crude Oil prices advanced 1.86% against the USD for the 24 hour period ending 23:00GMT, closing at 89.64, following reports of a decline in crude oil supplies. Prices were further buoyed amid robust German business optimism data. Yesterday, the … Continue reading →

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Silver: Silver reverses losses, moving upwards this morning

Posted on December 20, 2012 by GCI Financial

  Silver prices declined 2.18% to the USD31.07 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.11, 0.14% higher from yesterday’s close. Silver is expected to find support at 30.82, … Continue reading →

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Gold: Precious metal inches up in Asian session

Posted on December 20, 2012 by GCI Financial

  Gold prices traded lower by 0.52% against the USD in the 24 hour period ending 23:00GMT, at 1667.73 per ounce. In the Asian session, at GMT0400, Gold is trading at 1667.36, marginally lower from yesterday’s close. Gold is expected … Continue reading →

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Silver: White metal continues to trade lower in the Asian session

Posted on December 19, 2012 by GCI Financial

Silver prices declined 1.55% to the USD31.76 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.64, 0.40% lower from yesterday’s close. Silver is expected to find support at 31.15, and … Continue reading →

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Gold: Gold trading below its MA’s

Posted on December 19, 2012 by GCI Financial

Gold prices traded lower by 1.23% against the USD in the 24 hour period ending 23:00GMT, at 1676.51 per ounce, as demand for the precious metal decreased amid hopes that a resolution for the fiscal cliff is approaching. In the … Continue reading →

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Crude Oil: Crude Oil gives up some gains in the Asian session

Posted on December 19, 2012 by GCI Financial

Crude Oil prices rose 0.73% against the USD for the 24 hour period ending 23:00GMT, closing at 88.00, amid optimism that US is making progress towards averting the fiscal cliff. Late yesterday, the American Petroleum Institute reported that crude-oil supplies … Continue reading →

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Silver: Silver reverses previous session losses in the Asian session

Posted on December 18, 2012 by GCI Financial

Silver prices declined 0.16% to the USD32.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.45, 0.59% higher from yesterday’s close. Silver is expected to find support at 32.14, and … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on December 18, 2012 by GCI Financial

Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1697.39 per ounce. In the Asian session, at GMT0400, Gold is trading at 1702.26, 0.29% higher from yesterday’s close. Gold is expected to … Continue reading →

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