Silver: Rising demand for industrial metals boosted Silver prices

Posted on March 16, 2012 by GCI Financial

Silver prices rose 0.73% to USD 32.45 per ounce during the 24 hours ending 23:00GMT, as demand for industrial metal rose, after surveys by the Federal Reserve Bank in Philadelphia and New York showed manufacturing activity expanded, providing more proof … Continue reading →

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Gold: Yellow metal shines amid bargain hunting

Posted on March 16, 2012 by GCI Financial

Gold prices traded higher by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1655.93 per ounce, as bargain hunters bounced back to take advantage of lower precious metal prices. In the Asian session, at GMT0400, Gold … Continue reading →

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Silver: White metal continues its downward journey

Posted on March 15, 2012 by GCI Financial

Silver prices declined 3.63% to USD 32.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.09, 0.39% lower from yesterday’s close. Silver is expected to find support at 31.35, and … Continue reading →

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Gold: Gold tumbled on receding monetary easing hopes; bounces-back after 2% drop

Posted on March 15, 2012 by GCI Financial

Gold prices traded lower by 2.02% against the USD in the 24 hour period ending 23:00GMT, at 1643.10 per ounce, amid stronger greenback and as the US Federal Reserve dampened hopes of another round of quantitative easing. In the Asian … Continue reading →

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Crude Oil: Oil weighed down by rising oil stockpiles, Saudi supply pledge

Posted on March 15, 2012 by GCI Financial

Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 105.68, amid more-than-expected rise in the US crude oil inventories and as the US Dollar strengthened. Early yesterday, oil rose after US President, Barack … Continue reading →

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Crude Oil: Oil traded higher on the positive US retail sales data, trading flat this morning

Posted on March 14, 2012 by GCI Financial

Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 106.81, amid signs that the US economy is strengthening after data showed the nation’s retail sales rose the most in five months in February. … Continue reading →

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Silver: White metal continues to lose shine in the Asian session

Posted on March 14, 2012 by GCI Financial

Silver prices declined 0.67% to USD 33.43per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.32, 0.33% lower from yesterday’s close. Silver is expected to find support at 32.95, and a … Continue reading →

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Gold: Gold traded lower on Fed Statement, trading higher this morning

Posted on March 14, 2012 by GCI Financial

Gold prices traded lower by 1.35% against the USD in the 24 hour period ending 23:00GMT, at 1676.95per ounce, as the dollar strengthened after the Federal Reserve vowed to keep interest rates low until 2014. In the Asian session, at … Continue reading →

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Crude Oil: Oil declined amid slowdown in China; trading higher this morning

Posted on March 13, 2012 by GCI Financial

Oil prices declined 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 106.57, after world’s second-largest crude consumer, China, reported its biggest monthly trade deficit in at least 22 years for February, indicating further slowdown in … Continue reading →

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Silver: Silver trading higher this morning after yesterday’s sharp fall

Posted on March 13, 2012 by GCI Financial

Silver prices declined 1.75% to USD 33.66 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.79, 0.40% higher from yesterday’s close. Silver is expected to find support at 33.38, and … Continue reading →

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Gold: Gold trading higher ahead of Fed meet

Posted on March 13, 2012 by GCI Financial

Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1699.95 per ounce, amid profit booking. In the Asian session, at GMT0400, Gold is trading at 1704.42, 0.26% higher from yesterday’s close. Gold … Continue reading →

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