Gold: Gold gained on hopes for more easing, slips in the Asian session

Posted on June 14, 2012 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1618.55 per ounce, as the weak US retail sales data fueled already growing expectations that the Federal Reserve is planning to stimulate the … Continue reading →

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Crude Oil: Crude oil trading lower after yesterday’s rise

Posted on June 13, 2012 by GCI Financial

Oil prices advanced 2.20% against the USD for the 24 hour period ending 23:00GMT, closing at 83.33. The Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that slowing global economy could increase the supply and demand … Continue reading →

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Silver: White metal losing steam in the Asian session

Posted on June 13, 2012 by GCI Financial

Silver prices rose 1.80% to USD 28.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.82, 0.44% lower from yesterday’s close. Silver is expected to find support at 28.46, and … Continue reading →

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Gold: Gold trading lower this morning

Posted on June 13, 2012 by GCI Financial

Gold prices traded higher by 1.21% against the USD in the 24 hour period ending 23:00GMT, at 1610.82 per ounce, on a weaker greenback. In the Asian session, at GMT0300, Gold is trading at 1608.68, 0.13% lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil fell on Europe concerns, trading higher this morning

Posted on June 12, 2012 by GCI Financial

Oil prices declined 5.60% against the USD for the 24 hour period ending 23:00GMT, closing at 81.54, amid demand concerns, as Euro-zone contagion fears continued to linger. Additionally, oil prices declined after Saudi Arabia, Oil Minister, Ali al-Naimi, stated that … Continue reading →

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Silver: Recoups some of yesterday’s losses this morning

Posted on June 12, 2012 by GCI Financial

Silver prices declined 1.99% to USD 28.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.59, 0.54% higher from yesterday’s close. Silver is expected to find support at 28.28, and … Continue reading →

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Gold: Trading higher in the Asian session

Posted on June 12, 2012 by GCI Financial

Gold prices traded lower by 0.91% against the USD in the 24 hour period ending 23:00GMT, at 1591.61 per ounce, amid a stronger greenback. In the Asian session, at GMT0300, Gold is trading at 1593.2, 0.10% higher from yesterday’s close. … Continue reading →

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Crude Oil: Oil trading higher in the Asian session on Spanish bank deal

Posted on June 11, 2012 by GCI Financial

On Friday, Oil prices advanced 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 84.29. In the Asian session, at GMT0300, Crude Oil is trading at 85.97, 1.99% higher from Friday’s close, amid speculation that demand … Continue reading →

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Silver: Silver continues its upward journey

Posted on June 11, 2012 by GCI Financial

On Friday, Silver prices rose 0.26% to USD 28.57 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.72, 0.55% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold advanced this morning as Spain deal weighs on the greenback

Posted on June 11, 2012 by GCI Financial

On Friday, Gold prices traded higher by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1594.07 per ounce. In the Asian session, at GMT0300, Gold is trading at 1596.43, 0.15% higher from Friday’s close, after the … Continue reading →

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Crude Oil: Oil plunges on fading US stimulus hopes

Posted on June 8, 2012 by GCI Financial

Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 83.79, amid uncertainty about the fragile economic recovery in US after Federal Reserve Chairman, Ben Bernanke, gave no hint about more stimulus measures. In … Continue reading →

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