Gold: Yellow metal fell on a stronger greenback

Posted on August 31, 2012 by GCI Financial

Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1655.90 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1654.70, 0.07% lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil fell on EIA data, trading lower in the Asian session

Posted on August 30, 2012 by GCI Financial

Oil prices declined 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 95.26. Yesterday, the Energy Information Administration recorded an increase of 3.8 million barrels in crude stockpiles for the week ended August 24. Meanwhile, gasoline … Continue reading →

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Silver: Silver continues its fall in the Asian session

Posted on August 30, 2012 by GCI Financial

Silver prices declined 0.32% to USD 30.79 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.74, 0.15% lower from yesterday’s close. Silver is expected to find support at 30.55, and … Continue reading →

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Gold: Yellow metal fell on a stronger greenback, trading higher this morning

Posted on August 30, 2012 by GCI Financial

Gold prices traded lower by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1657.35 per ounce, as upwardly revised figures for US economic growth triggered profit-taking in the yellow metal after its recent rally on speculation … Continue reading →

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Crude Oil: Crude oil gains on Hurricane Issac

Posted on August 29, 2012 by GCI Financial

Oil prices advanced 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 96.20, amid concerns over Hurricane Isaac’s impact on oil production in the Gulf of Mexico. Meanwhile, a Group of Seven finance ministers urged oil … Continue reading →

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Silver: Silver gives up yesterday’s gains

Posted on August 29, 2012 by GCI Financial

Silver prices rose 0.31% to USD 30.89 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.84, 0.15% lower from yesterday’s close. Silver is expected to find support at 30.58, and … Continue reading →

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Gold: Gold tad higher, eyes on Fed

Posted on August 29, 2012 by GCI Financial

Gold prices traded higher by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1667.35 per ounce, as investors await the US Federal Reserve Chairman, Ben Bernanke’s speech later this week for any hints of further stimulus … Continue reading →

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Gold: trading below its short term moving averages

Posted on August 28, 2012 by GCI Financial

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1665.75 per ounce, amid profit booking after an early rally on speculation that the US Federal Reserve may unveil another round of monetary … Continue reading →

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Silver: Silver drifting lower this morning

Posted on August 28, 2012 by GCI Financial

Silver prices declined 0.39% to USD 30.79 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.53, 0.84% lower from yesterday’s close. Silver is expected to find support at 30.29, and … Continue reading →

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Crude Oil: Crude oil continues its downfall in the Asian session

Posted on August 28, 2012 by GCI Financial

Oil prices declined 1.22% against the USD for the 24 hour period ending 23:00GMT, closing at 95.65, on speculation that the Tropical Storm Isaac’s impact on output in the Gulf of Mexico would be limited. Meanwhile, investors focus on the … Continue reading →

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Crude Oil: Oil fell on weak demand prospects; trading lower in the Asian session

Posted on August 24, 2012 by GCI Financial

Oil prices declined 1.47% against the USD for the 24 hour period ending 23:00GMT, closing at 95.89, as rising US jobless claims and weak manufacturing activity in China raised demand concern, from the world’s two largest oil consumers. In the … Continue reading →

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