Silver: Silver continues its bearish trend

Posted on June 8, 2012 by GCI Financial

Silver prices declined 2.92% to USD 28.64 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.27, 1.31% lower from yesterday’s close. Silver is expected to find support at 27.66, and … Continue reading →

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Gold: Gold down on Bernanke’s comments

Posted on June 8, 2012 by GCI Financial

Gold prices traded lower by 1.95% against the USD in the 24 hour period ending 23:00GMT, at 1590.89 per ounce, after the US Federal Reserve Chairman, Ben Bernanke refrained from signaling imminent measures that the central bank might take to … Continue reading →

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Gold: Gold rose on broad dollar weakness, trading lower this morning

Posted on June 7, 2012 by GCI Financial

Gold prices traded higher by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1622.47 per ounce, as the greenback weakened on speculation of monetary easing by Federal Reserve. In the Asian session, at GMT0300, Gold is … Continue reading →

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Silver: White metal backpedals in the Asian session

Posted on June 7, 2012 by GCI Financial

Silver prices rose 3.44% to USD 29.50 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.26, 0.82% lower from yesterday’s close. Silver is expected to find support at 28.72, and … Continue reading →

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Crude Oil: Oil rose after US crude supply drop, witnessing flat trading this morning

Posted on June 7, 2012 by GCI Financial

Oil prices advanced 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 85.50. The Energy Information Administration, in its weekly report, stated that crude oil inventories decreased by 100,000 barrels to 384.6 million barrels for the … Continue reading →

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Crude Oil: Oil higher amid demand prospects; US Crude stockpiles decline

Posted on June 6, 2012 by GCI Financial

Oil prices advanced 0.06% against the USD for the 24 hour period ending 23:00GMT, closing at 84.20, on speculation that demand for oil might rise after the Institute for Supply Management (ISM) showed that the US service sector grew faster-than-expected … Continue reading →

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Silver: White metal continue to rise in the Asian session

Posted on June 6, 2012 by GCI Financial

Silver prices rose 0.83% to USD 28.52 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.82, 1.05% higher from yesterday’s close. Silver is expected to find support at 28.34, and … Continue reading →

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Gold: Yellow metal marches northwards

Posted on June 6, 2012 by GCI Financial

Gold prices traded higher by 0.03% against the USD in the 24 hour period ending 23:00GMT, at 1618.59 per ounce. In the Asian session, at GMT0300, Gold is trading at 1626.39, 0.48% higher from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Oil falls below $87 per barrel as US supplies rise to a 22-year high

Posted on June 1, 2012 by GCI Financial

Oil prices declined 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 86.49, amid demand concern following rise in the US jobless claims and crude oil inventories. The Energy Information Administration (EIA) reported that the US … Continue reading →

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Silver: Silver continues its downtrend in the Asian session

Posted on June 1, 2012 by GCI Financial

Silver prices declined 0.75% to USD 27.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.68, 0.21% lower from yesterday’s close. Silver is expected to find support at 27.41, and … Continue reading →

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Gold: Stronger dollar curtails gold prices

Posted on June 1, 2012 by GCI Financial

Gold prices traded 0.21% lower against the USD in the 24 hour period ending 23:00GMT, at 1560.33 per ounce, as the greenback strengthened, amid persistent fears over the Euro-zone debt crises. In the Asian session, at GMT0300, Gold is trading … Continue reading →

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