Crude Oil: Oil prices continues its rally on EIA report

Posted on July 19, 2012 by GCI Financial

Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 89.90. Yesterday, the Energy Information Administration (EIA) showed that the US crude oil inventories fell 809,000 barrels for the week ended July 13. Gasoline … Continue reading →

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Silver: Trading higher this morning

Posted on July 19, 2012 by GCI Financial

Silver prices declined 0.50% to USD 27.16 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.30, 0.53% higher from yesterday’s close. Silver is expected to find support at 27.03, and … Continue reading →

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Gold: Bargain hunters back into the action, gold rises in Asian session

Posted on July 19, 2012 by GCI Financial

Gold prices traded lower by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1573.38 per ounce, as upbeat housing data in the US and a wait-and-see attitude from Federal Reserve Chairman, Ben Bernanke weighed on gold … Continue reading →

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Crude Oil: Oil rose on API report, trading lower this morning

Posted on July 18, 2012 by GCI Financial

Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 88.96, amid drop in the US crude oil inventories. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil inventories declined … Continue reading →

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Silver: White metal trading below its MA’s

Posted on July 18, 2012 by GCI Financial

Silver prices declined 0.08% to USD 27.30 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.25, 0.16% lower from yesterday’s close. Silver is expected to find support at 26.85, and … Continue reading →

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Gold: Gold continues its downward journey

Posted on July 18, 2012 by GCI Financial

Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1583.53 per ounce. In the Asian session, at GMT0300, Gold is trading at 1582.07, 0.09% lower from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Crude oil trading higher ahead of oil inventory reports

Posted on July 17, 2012 by GCI Financial

Oil prices advanced 0.96% against the USD for the 24 hour period ending 23:00GMT, closing at 88.09, amid hopes that demand for oil would rise following speculation that Federal Reserve Chairman, Ben Bernanke, could signal more stimulus this week to … Continue reading →

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Silver: White metal gaining strength this morning

Posted on July 17, 2012 by GCI Financial

Silver prices declined 0.41% to USD27.32 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.46, 0.53% higher from yesterday’s close. Silver is expected to find support at 27.08, and a … Continue reading →

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Gold: Gold trading higher ahead of Ben Bernanke testimony

Posted on July 17, 2012 by GCI Financial

Gold prices traded lower by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1589.95 per ounce. In the Asian session, at GMT0300, Gold is trading at 1593.73, 0.24% higher from yesterday’s close, ahead of Federal Reserve … Continue reading →

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Crude Oil: Drifting lower this morning after Friday’s gain

Posted on July 16, 2012 by GCI Financial

On Friday, Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.06, following news that the Obama administration had expanded sanctions on Iran. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Silver: Trading between its MA’s

Posted on July 16, 2012 by GCI Financial

On Friday, Silver prices rose 0.49% to USD 27.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.25, 0.05% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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