Crude Oil: Oil gained on Bernanke comments, trading lower this morning ahead of oil inventory reports

Posted on March 27, 2012 by GCI Financial

Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 107.03, on speculation that demand for fuel would rise after Federal Reserve Chairman Ben Bernanke signaled that interest rates would be kept low enough … Continue reading →

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Silver: Silver hold on to yesterday’s gains

Posted on March 27, 2012 by GCI Financial

Silver prices rose 1.24% to USD 32.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.79, 0.04% higher from yesterday’s close. Silver is expected to find support at 32.23, and … Continue reading →

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Gold: Gold jumped after Ben Bernanke hints monetary easing, gives up some gains in the Asian session

Posted on March 27, 2012 by GCI Financial

Gold prices traded higher by 1.21% against the USD in the 24 hour period ending 23:00GMT, at 1688.65 per ounce, as the greenback weakened, after the US Federal Reserve Chairman, Ben Bernanke, reinforced expectation that interest rates would be kept … Continue reading →

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Silver: Silver continues to cement gains in the Asian session

Posted on March 26, 2012 by GCI Financial

On Friday, Silver prices rose 1.91% to USD 32.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.25, 0.20% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold extends gains as dollar weakens

Posted on March 26, 2012 by GCI Financial

On Friday, Gold prices traded higher by 1.13% against the USD in the 24 hour period ending 23:00GMT, at 1662.55 per ounce, following drop in the greenback. In the Asian session, at GMT0300, Gold is trading at 1664.41, 0.11% higher … Continue reading →

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Crude Oil: Oil jumped on Iranian export report, trading lower this morning

Posted on March 26, 2012 by GCI Financial

On Friday, Oil prices advanced 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 106.81, on continued supply concern. Oil fell during the intraday session after the International Energy Agency assured that Saudi Arabia stood ready … Continue reading →

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Crude Oil: Oil down on demand concern after weak economic data from Euro-zone and China

Posted on March 23, 2012 by GCI Financial

Oil prices declined 1.17% against the USD for the 24 hour period ending 23:00GMT, closing at 105.64, as concern over global fuel demand increased, following weak manufacturing data from China and Euro-zone. In the Asian session, at GMT0400, Crude Oil … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on March 23, 2012 by GCI Financial

Silver prices declined 1.85% to USD 31.58 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.57, 0.05% lower from yesterday’s close. Silver is expected to find support at 31.04, and … Continue reading →

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Gold: Strong greenback weighed on the yellow metal; trading higher this morning

Posted on March 23, 2012 by GCI Financial

Gold prices traded lower by 0.38% against the USD in the 24 hour period ending 23:00GMT, at 1643.93 per ounce, as investors preferred the safety of the greenback after risk aversion returned amid weak economic data around the world. In … Continue reading →

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Crude Oil: Oil rose amid drop in crude stockpile, trading lower this morning on China demand concerns

Posted on March 22, 2012 by GCI Financial

Oil prices advanced 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 106.89, after an unexpected drop in the US crude oil inventories and amid continues tensions between Iran and the West. During the day, oil … Continue reading →

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Silver: Silver retreats in the Asian session

Posted on March 22, 2012 by GCI Financial

Silver prices rose 0.36% to USD 32.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.11, 0.19% lower from yesterday’s close. Silver is expected to find support at 31.86, and … Continue reading →

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