Crude Oil: Oil continues to advance on demand prospects

Posted on March 1, 2012 by GCI Financial

Oil prices advanced 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 107.03, on speculation that demand for oil might rise after the European Central Bank allocated more than $500 billion of easy loans to the … Continue reading →

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Gold: Yellow metal fell on Bernanke’s comment, trading higher this morning

Posted on March 1, 2012 by GCI Financial

Gold prices traded lower by 4.86% against the USD in the 24 hour period ending 23:00GMT, at 1698.21 per ounce, after Federal Reserve Chairman, Ben S. Bernanke, gave no hint for additional quantitative easing, stating that the US economy is … Continue reading →

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Crude Oil: Crude oil trading higher after yesterday’s fall

Posted on February 29, 2012 by GCI Financial

Oil prices declined 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 106.33, as investors continued profit booking amid worries that recent price hike might curb demand for crude oil and after the US orders for … Continue reading →

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Silver: White metal continues to shine this morning on the back of a weaker dollar

Posted on February 29, 2012 by GCI Financial

Silver prices rose 4.30% to USD 36.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 36.97, 0.05% higher from yesterday’s close. Silver is expected to find support at 35.83, and … Continue reading →

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Gold: Gold continues its upward journey in the Asian session

Posted on February 29, 2012 by GCI Financial

Gold prices traded higher by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1784.91per ounce, as greenback weakened on expectation of liquidity injection by European Central Bank later today. In the Asian session, at GMT0400, Gold … Continue reading →

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Crude Oil: Oil trading tad lower ahead of US oil inventory report

Posted on February 28, 2012 by GCI Financial

Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 108.00. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0400, Crude … Continue reading →

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Silver: Marginally higher this morning, after yesterday’s fall

Posted on February 28, 2012 by GCI Financial

Silver prices declined 0.15% to USD 35.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 35.43, marginally higher from yesterday’s close. Silver is expected to find support at 35.12, and … Continue reading →

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Gold: Yellow metal fell on strong greenback, trading lower this morning

Posted on February 28, 2012 by GCI Financial

Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1768.20per ounce, softened by easing physical demand from Asia, specifically, India and China. The yellow metal was also pressured as concerns over the … Continue reading →

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Crude Oil: Crude oil trading above $109 per barrel

Posted on February 27, 2012 by GCI Financial

On Friday, Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 109.76, amid mounting tensions over possible supply disruption following report that Tehran has rapidly expanded its nuclear enrichment production over the last … Continue reading →

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Silver: Silver continues its upward journey

Posted on February 27, 2012 by GCI Financial

On Friday, Silver prices rose 0.23% to USD 35.41per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 35.55, 0.39% higher from Friday’s close. Silver is expected to find support at 35.26, … Continue reading →

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Gold: Yellow metal fell amid profit booking; trading higher this morning

Posted on February 27, 2012 by GCI Financial

Gold prices traded lower by 0.30% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1773.65 per ounce, after investors booked profit. In the Asian session, at GMT0400, Gold is trading at 1775.94, 0.13% higher from … Continue reading →

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