Gold: Yellow metal tad lower this morning

Posted on May 28, 2012 by GCI Financial

On Friday Gold prices traded higher by 1.16% against the USD in the 24 hour period ending 23:00GMT, at 1576.47 per ounce, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1575.66, 0.05% lower from Friday’s … Continue reading →

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Crude Oil: Oil drifting lower this morning after yesterday’s rise

Posted on May 25, 2012 by GCI Financial

Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 90.81, amid encouraging US jobless claims data. In the Asian session, at GMT0300, Crude Oil is trading at 90.36, 0.50% lower from yesterday’s close. … Continue reading →

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Silver: White metal erases yesterday’s gains this morning

Posted on May 25, 2012 by GCI Financial

Silver prices rose 1.52% to USD 28.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.96, 1.00% lower from yesterday’s close. Silver is expected to find support at 27.55, and … Continue reading →

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Gold: Gold continues to lose shine in the Asian session

Posted on May 25, 2012 by GCI Financial

Gold prices traded lower by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1558.45 per ounce, amid a stronger greenback. In the Asian session, at GMT0300, Gold is trading at 1552.24, 0.40% lower from yesterday’s close. … Continue reading →

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Crude Oil: Weak Chinese PMI weighs on oil prices this morning

Posted on May 24, 2012 by GCI Financial

Oil prices declined 1.25% against the USD for the 24 hour period ending 23:00GMT, closing at 90.54, as increasing speculation that Greece may exit Euro-bloc raised expectations for weaker oil demand, while hopes of a deal between Iran and the … Continue reading →

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Silver: Silver cementing gains in the Asian session

Posted on May 24, 2012 by GCI Financial

Silver prices declined 1.29% to USD 27.82 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 0.19% higher from yesterday’s close. Silver is expected to find support at 27.35, and … Continue reading →

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Gold: Gold fell on continuing Greece concerns

Posted on May 24, 2012 by GCI Financial

Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1562.15 per ounce, as fears that Greece is closer to abandoning the Euro-bloc led investors to shift preference to the US Dollar. In … Continue reading →

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Crude Oil: Higher inventories and Chinese growth concerns weighed on oil prices this morning

Posted on May 23, 2012 by GCI Financial

Oil prices declined 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 91.69, as signs of deal between Iran and the UN nuclear watchdog eased worries about crude supplies and amid rise in the US crude … Continue reading →

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Silver: White metal continue to plunge in the Asian session

Posted on May 23, 2012 by GCI Financial

Silver prices declined 1.37% to USD 28.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 1.12% lower from yesterday’s close. Silver is expected to find support at 27.48, and … Continue reading →

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Gold: Rising dollar curtails demand for precious metals

Posted on May 23, 2012 by GCI Financial

Gold prices traded lower by 1.60% against the USD in the 24 hour period ending 23:00GMT, at 1568.65 per ounce, on a stronger greenback. In the Asian session, at GMT0300, Gold is trading at 1559.56, 0.58% lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil trading lower ahead of inventor reports

Posted on May 22, 2012 by GCI Financial

Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 92.93, after Iran stated that it would not abandon its nuclear program and ahead of Wednesday’s discussions between Iranian officials and six world powers … Continue reading →

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