Crude Oil: Crude Oil trading higher on demand prospects

Posted on December 18, 2012 by GCI Financial

Crude Oil prices declined 1.14% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01. Investors await the release of oil inventory data scheduled to be released later today and tomorrow, to offer further guidance to oil … Continue reading →

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Crude Oil: Crude Oil trading higher this morning amid supply concerns

Posted on December 17, 2012 by GCI Financial

On Friday, Crude Oil prices declined 0.38% against the USD for the 24 hour period ending 24:00GMT, closing at 86.01. In the Asian session, at GMT0400, Crude Oil is trading at 86.93, 1.07% higher from Friday’s close, as Syrian warplanes … Continue reading →

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Silver: White metal steady following previous session losses

Posted on December 17, 2012 by GCI Financial

On Friday, Silver prices declined 0.87% to the USD32.28 per ounce during the 24 hours ending 24:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.29, marginally higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Precious metal trading lower in the Asian session

Posted on December 17, 2012 by GCI Financial

On Friday. Gold prices traded marginally lower against the USD in the 24 hour period ending 24:00GMT, at 1695.45 per ounce. In the Asian session, at GMT0400, Gold is trading at 1691.69, 0.22% lower from Friday’s close. Gold is expected … Continue reading →

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Crude Oil: Oil trading higher on upbeat Chinese economic data

Posted on December 14, 2012 by GCI Financial

Crude Oil prices declined 0.82% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, after US lawmakers disagreed on steps to avert the spending cuts and tax increases raising concerns about the demand outlook for crude … Continue reading →

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Silver: White metal trading flat in the Asian session

Posted on December 14, 2012 by GCI Financial

Silver prices declined 2.37% to the USD 32.56 per ounce during the 24 hours ending 23:00GMT, as mounting concerns about the US economy and budget impasse reduced demand for the white metal. In the Asian session, at GMT0400, Silver is … Continue reading →

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Gold: Gold consolidating below $1700/oz this morning

Posted on December 14, 2012 by GCI Financial

Gold prices traded lower by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1696.83 per ounce. In the Asian session, at GMT0400, Gold is trading at 1696.35, marginally lower from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Oil up on demand prospects

Posted on December 13, 2012 by GCI Financial

Crude Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 86.00, after the US Federal Reserve took new stimulus steps to bolster the economy. Additionally, the International Energy Agency (IEA) raised fourth quarter … Continue reading →

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Silver: White metal losing ground in the Asian session

Posted on December 13, 2012 by GCI Financial

Silver prices rose 1.16% to the USD 33.35 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.02, 0.97% lower from yesterday’s close. Silver is expected to find support at 32.62, … Continue reading →

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Gold: Gold hovering around $1700/oz this morning

Posted on December 13, 2012 by GCI Financial

Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1709.25 per ounce. Gold plunged by more than 1.0% later in the day, after trading higher initially, on profit taking, after the Federal Reserve’s announcement … Continue reading →

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Crude Oil: Oil prices rose on lower OPEC output data, trading lower this morning

Posted on December 12, 2012 by GCI Financial

Crude Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, after the Organisation of Petroleum Exporting Countries (OPEC) stated that the region’s production fell by 210,000 barrels per day in November. Moreover, … Continue reading →

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