Gold: Gold rose on bargain hunting; trading lower this morning

Posted on May 11, 2012 by GCI Financial

Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1595.10 per ounce, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1587.66, 0.47% lower from yesterday’s close. Gold … Continue reading →

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Crude Oil: Oil price tumbled amid a surge in stockpiles, trading higher this morning

Posted on May 10, 2012 by GCI Financial

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 96.40, after reports showed rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that crude inventories rose 3.7 million barrels … Continue reading →

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Silver: Silver trading between its MA’s

Posted on May 10, 2012 by GCI Financial

Silver prices declined 0.70% to USD 29.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.17, 0.31% lower from yesterday’s close. Silver is expected to find support at 28.76, and … Continue reading →

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Gold: Gold trims some losses in the Asian session

Posted on May 10, 2012 by GCI Financial

Gold prices traded lower by 0.93% against the USD in the 24 hour period ending 23:00GMT, at 1591.20 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1591.44, marginally higher from yesterday’s close. … Continue reading →

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Crude Oil: Oil down amid rise in US oil stockpiles

Posted on May 9, 2012 by GCI Financial

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 97.23, amid rise in the US crude oil inventories. Late yesterday, American Petroleum Institute (API) reported that crude oil inventories rose 7.8 million barrels … Continue reading →

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Silver: White metal continues to tumble in the Asian session

Posted on May 9, 2012 by GCI Financial

Silver prices declined 2.11% to USD 29.47 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.06, 1.39% lower from yesterday’s close. Silver is expected to find support at 28.67, and … Continue reading →

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Gold: Rising dollar erodes demand for precious metals

Posted on May 9, 2012 by GCI Financial

Gold prices traded lower by 1.98% against the USD in the 24 hour period ending 23:00GMT, at 1606.17 per ounce, as the greenback strengthened. However, losses in precious metal were limited, amid signs of strong physical demand in China after … Continue reading →

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Crude Oil: Crude oil trading lower ahead of oil inventory reports

Posted on May 8, 2012 by GCI Financial

Oil prices advanced 1.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.06. In the Asian session, at GMT0300, Crude Oil is trading at 97.79, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

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Silver: White metal trading lower after yesterday’s flat close

Posted on May 8, 2012 by GCI Financial

Silver prices traded flat at USD 30.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.03, 0.25% lower from yesterday’s close. Silver is expected to find support at 29.68, and … Continue reading →

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Gold: Gold continues to lose shine this morning

Posted on May 8, 2012 by GCI Financial

Gold prices traded lower by 0.08% against the USD in the 24 hour period ending 23:00GMT, at 1638.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1637.33, 0.08% lower from yesterday’s close. Gold is expected to … Continue reading →

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Crude Oil: Oil fell as ECB Chief sparks growth concerns, trading higher this morning

Posted on May 4, 2012 by GCI Financial

  Oil prices declined 2.68% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, after European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity-boosting measures and said the economic outlook in the region … Continue reading →

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