Silver: Trading above its MA’s

Posted on July 25, 2012 by GCI Financial

Silver prices declined 0.32% to USD 26.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 26.99, 0.09% higher from yesterday’s close. Silver is expected to find support at 26.69, and … Continue reading →

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Gold: Gold holds on to yesterday’s gains

Posted on July 25, 2012 by GCI Financial

Gold prices traded higher by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1581.43 per ounce, as weak economic data from the US raised hopes for more monetary stimulus. In the Asian session, at GMT0300, Gold … Continue reading →

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Crude Oil: Crude oil fell on Spain bailout concerns, trading higher this morning

Posted on July 24, 2012 by GCI Financial

Oil prices declined 3.92% against the USD for the 24 hour period ending 23:00GMT, closing at 87.95, amid speculation that demand for oil might fall following concerns over Euro-zone debt crisis and slowing Chinese economy. Investors await the oil inventory … Continue reading →

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Silver: Silver down in the Asian session

Posted on July 24, 2012 by GCI Financial

Silver prices declined 0.96% to USD 27.05 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.02, 0.09% lower from yesterday’s close. Silver is expected to find support at 26.74, and … Continue reading →

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Gold: Yellow metal fell on stronger greenback

Posted on July 24, 2012 by GCI Financial

Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1576.53 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1576.15, marginally lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil down on demand concern

Posted on July 23, 2012 by GCI Financial

On Friday, Oil prices declined 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 91.54. The American Petroleum Institute (API), in its monthly report, stated that petroleum consumption in June declined 3% from a year ago … Continue reading →

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Silver: Silver drifting lower in the Asian session

Posted on July 23, 2012 by GCI Financial

On Friday, Silver prices rose 0.16% to USD 27.32 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.12, 0.74% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal inches down on heightened Spain concerns

Posted on July 23, 2012 by GCI Financial

On Friday Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1584.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1579.10, 0.35% lower from Friday’s close, as the … Continue reading →

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Crude Oil: Oil rose more than 2% on Middle East concern

Posted on July 20, 2012 by GCI Financial

Oil prices advanced 2.44% against the USD for the 24 hour period ending 23:00GMT, closing at 92.09, on renewed Middle East concern. Meanwhile, investors await American Petroleum Institute (API) monthly report due out in the day ahead. In the Asian … Continue reading →

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Silver: Trading below its MA’s

Posted on July 20, 2012 by GCI Financial

Silver prices rose 0.44% to USD 27.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.22, 0.21% lower from yesterday’s close. Silver is expected to find support at 27.05, and … Continue reading →

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Gold: Yellow metal rallied on the weak US economic data

Posted on July 20, 2012 by GCI Financial

Gold prices traded higher by 0.50% against the USD in the 24 hour period ending 23:00GMT, at 1582.40 per ounce, as the greenback weakened after a slew of weak US data raised speculation that more stimulus may be coming from … Continue reading →

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