Crude Oil: Oil jumps more than 3%, extending gains this morning

Posted on October 5, 2012 by GCI Financial

Crude Oil prices advanced 3.46% against the USD for the 24 hour period ending 23:00GMT, closing at 91.40, after the European Central Bank (ECB) President, Mario Draghi stated that the central bank was ready to start purchasing the debt of … Continue reading →

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Gold: Yellow metal higher on ECB’s bullish words

Posted on October 5, 2012 by GCI Financial

Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1792.20 per ounce, as demand for the precious metal rose, after European Central Bank (ECB) President Mario Draghi reiterated that the central bank … Continue reading →

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Silver: White metal extends gains in Asian session

Posted on October 5, 2012 by GCI Financial

Silver prices rose 0.85% to the USD35.00 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 35.05, 0.16% higher from yesterday’s close. Silver is expected to find support at 34.76, and … Continue reading →

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Crude Oil: Continues its fall amid demand concern

Posted on October 4, 2012 by GCI Financial

Crude Oil prices declined 3.62% against the USD for the 24 hour period ending 23:00GMT, closing at 88.34, amid demand concern following weak economic data from Euro-zone and China. Meanwhile, the Energy Information Administration (EIA) reported a decline of 500,000 … Continue reading →

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Silver: Trading higher in the Asian session

Posted on October 4, 2012 by GCI Financial

Silver prices rose 0.50% to the USD 34.71 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.79, 0.23% higher from yesterday’s close. Silver is expected to find support at 34.57, … Continue reading →

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Gold: Yellow metal continues to rise this morning

Posted on October 4, 2012 by GCI Financial

Gold prices traded higher by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1780.06 per ounce. In the Asian session, at GMT0300, Gold is trading at 1781.52, 0.08% higher from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Oil prices fell on API data

Posted on October 3, 2012 by GCI Financial

Crude Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 91.59, amid rise in the US crude oil inventories. Late yesterday, the American Petroleum Institute (API) that the US crude oil inventories rose … Continue reading →

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Silver: Trading below its MA’s

Posted on October 3, 2012 by GCI Financial

Silver prices declined 0.48% to the USD 34.57 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.51, 0.16% lower from yesterday’s close. Silver is expected to find support at 34.25, … Continue reading →

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Gold: Yellow metal steady in the Asian session

Posted on October 3, 2012 by GCI Financial

Gold prices traded lower by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1774.31 per ounce. In the Asian session, at GMT0300, Gold is trading at 1773.43, 0.05% lower from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Positive US manufacturing data pushed oil prices higher

Posted on October 2, 2012 by GCI Financial

Crude Oil prices advanced 0.96% against the USD for the 24 hour period ending 23:00GMT, closing at 92.38, following positive US manufacturing data. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In … Continue reading →

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Silver: Trading higher in the Asian session

Posted on October 2, 2012 by GCI Financial

Silver prices rose 1.32% to the USD 34.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.80, 0.17% higher from yesterday’s close. Silver is expected to find support at 34.19, … Continue reading →

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