Crude Oil: Oil held back by rise in US oil stockpiles, Euro-zone concerns

Posted on May 16, 2012 by GCI Financial

Oil prices declined 0.81% against the USD for the 24 hour period ending 23:00GMT, closing at 93.40, as more-than-expected rise in the US crude oil inventories and concerns over Greece’s exit from the Euro-zone weighed on the outlook for demand … Continue reading →

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Silver: Silver continues its downfall in the Asian session

Posted on May 16, 2012 by GCI Financial

Silver prices declined 1.82% to USD 27.73 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.5, 0.84% lower from yesterday’s close. Silver is expected to find support at 27.16, and … Continue reading →

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Gold: Gold down on firm greenback, demand concerns

Posted on May 16, 2012 by GCI Financial

Gold prices traded lower by 0.96% against the USD in the 24 hour period ending 23:00GMT, at 1544.42 per ounce, amid stronger greenback and easing demand on off season from Asian markets. In the Asian session, at GMT0300, Gold is … Continue reading →

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Crude Oil: Oil fell on demand concerns, rebounds this morning

Posted on May 15, 2012 by GCI Financial

Oil prices declined 1.32% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, as mounting political uncertainty in Greece, raised global demand concern for commodity. Oil was further pressurized, after the Saudi Arabian Oil Minister, Ali … Continue reading →

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Silver: Silver extends losses in the Asian session

Posted on May 15, 2012 by GCI Financial

Silver prices declined 2.16% to USD 28.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.1, 0.50% lower from yesterday’s close. Silver is expected to find support at 27.82, and … Continue reading →

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Gold: Rising dollar erodes demand for precious metals

Posted on May 15, 2012 by GCI Financial

Gold prices traded lower by 1.36% against the USD in the 24 hour period ending 23:00GMT, at 1559.32 per ounce, amid a firm dollar. In the Asian session, at GMT0300, Gold is trading at 1554.54, 0.31% lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil down on demand concerns

Posted on May 14, 2012 by GCI Financial

On Friday, Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 95.78, amid demand concerns following weak industrial production data from China, its second biggest consumer. Meanwhile, Saudi Arabia’s oil minister, Ali al-Naimi … Continue reading →

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Silver: White metal continues its downward trend in the Asian session

Posted on May 14, 2012 by GCI Financial

On Friday, Silver prices declined 0.56% to USD 28.89 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.79, 0.34% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Trading marginally higher this morning after Friday’s fall

Posted on May 14, 2012 by GCI Financial

On Friday Gold prices traded lower by 0.90% against the USD in the 24 hour period ending 23:00GMT, at 1580.81 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1581.88, 0.07% higher from … Continue reading →

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Crude Oil: Oil falls on OPEC supply rise

Posted on May 11, 2012 by GCI Financial

Oil prices rose marginally against the USD for the 24 hour period ending 23:00GMT, closing at 96.43. However, oil pared some of its gains, after Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that oil supplies … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on May 11, 2012 by GCI Financial

Silver prices declined 0.70% to USD 29.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.88, 0.61% lower from yesterday’s close. Silver is expected to find support at 28.65, and … Continue reading →

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