Silver: Silver futures prices down on sluggish spot demand

Posted on May 22, 2012 by GCI Financial

Silver prices declined 0.50% to USD 28.57 per ounce during the 24 hours ending 23:00GMT, on reduced off-take by traders amid a weak trend in overseas markets. In the Asian session, at GMT0300, Silver is trading at 28.45, 0.41% lower … Continue reading →

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Gold: Gold under pressure in Asia, stronger US Dollar continues to weigh

Posted on May 22, 2012 by GCI Financial

Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1594.20 per ounce, amid a weaker dollar. In the Asian session, at GMT0300, Gold is trading at 1591.30, 0.18% lower from yesterday’s close. … Continue reading →

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Crude Oil: Crude trading higher on Chinese Premier and Iranian nuclear energy comments

Posted on May 21, 2012 by GCI Financial

On Friday, Oil prices declined 1.72% against the USD for the 24 hour period ending 23:00GMT, closing at 91.07, amid demand concern. The American Petroleum Institute (API), in its monthly report, stated that total US oil demand through the first … Continue reading →

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Silver: Silver extended its gains in the Asian session

Posted on May 21, 2012 by GCI Financial

On Friday, Silver prices rose 2.02% to USD 28.64 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.68, 0.13% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold higher amid bargain hunting

Posted on May 21, 2012 by GCI Financial

On Friday Gold prices traded higher by 1.06% against the USD in the 24 hour period ending 23:00GMT, at 1591.12, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1596.66, 0.35% higher from Friday’s close. Gold … Continue reading →

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Crude Oil: Oil down on demand concerns, trading higher this morning

Posted on May 18, 2012 by GCI Financial

Oil prices declined 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 92.66, on demand concerns amid rising Euro-zone crises fear and after the US jobless claims remain unchanged at 370,000 in the week ended May … Continue reading →

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Gold: Gold higher on bargain hunting

Posted on May 18, 2012 by GCI Financial

Gold prices traded higher by 2.21% against the USD in the 24 hour period ending 23:00GMT, at 1574.44 per ounce, amid bargain hunting following sharp decline in yellow metal prices in previous sessions. In the Asian session, at GMT0300, Gold … Continue reading →

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Silver: Silver continues to trade higher in the Asian session

Posted on May 18, 2012 by GCI Financial

Silver prices rose 2.97% to USD 28.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.19, 0.40% higher from yesterday’s close. Silver is expected to find support at 27.63, and … Continue reading →

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Crude Oil: US set to seek G-8 support for oil reserve release, oil trading higher this morning

Posted on May 17, 2012 by GCI Financial

Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 92.87, amid rise in US crude oil inventories. The Energy Information Administration (EIA) reported the US crude oil inventories rose 2.13 million barrels for … Continue reading →

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Silver: White metal rebounds in the Asian session

Posted on May 17, 2012 by GCI Financial

Silver prices declined 1.67% to USD 27.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.59, 1.17% higher from yesterday’s close, as bargain hunters resurfaced after prices tumbled in the … Continue reading →

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Gold: Gold trading higher as Fed indicates monetary stimulus

Posted on May 17, 2012 by GCI Financial

Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1540.40 per ounce. In the Asian session, at GMT0300, Gold is trading at 1546.19, 0.38% higher from yesterday’s close, as the US Dollar … Continue reading →

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