Crude Oil: Oil rose amid smaller-than-expected rise in the US crude inventories, trading lower this morning

Posted on February 24, 2012 by GCI Financial

Oil prices advanced 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 108.54, on speculation that demand for oil might rise following strong economic data from the US and Germany. Concerns that Iran’s output may be … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal tops $35 per ounce as dollar slips

Posted on February 24, 2012 by GCI Financial

Silver prices rose 3.10% to USD 35.33 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened. In the Asian session, at GMT0400, Silver is trading at 35.40, 0.19% higher from yesterday’s close. Silver is expected to find … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal advanced on weaker greenback

Posted on February 24, 2012 by GCI Financial

Gold prices traded higher by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1778.94per ounce, as the greenback weakened amid upbeat German business sentiment data. In the Asian session, at GMT0400, Gold is trading at 1779.47, … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil down as more-than-expected rise in the US stockpiles overweighed supply concerns

Posted on February 23, 2012 by GCI Financial

Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 105.91. Earlier yesterday, oil rose on supply concerns, after the International Atomic Energy Agency (IAEA) stated that talks held between its inspectors and Iranian … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Tad higher in the Asian session

Posted on February 23, 2012 by GCI Financial

Silver prices declined 0.31% to USD 34.26per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.27, 0.01% higher from yesterday’s close. Silver is expected to find support at 33.96, and a … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold gives up yesterday’s gains

Posted on February 23, 2012 by GCI Financial

Gold prices traded higher 0.92% against the USD in the 24 hour period ending 23:00GMT, at 1776.08per ounce. A leading broker has issued a bullish note for the precious metal and sees a “value opportunity” in gold. In the Asian … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil advanced on supply concerns, trading lower this morning

Posted on February 22, 2012 by GCI Financial

Oil prices advanced 1.00% against the USD for the 24 hour period ending 23:00GMT, closing at 105.92, on persistent concerns over Iran oil supplies. Meanwhile, fears grew among oil traders that an escalation of hostilities between Israel and Iran could … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal gives up some gains this morning

Posted on February 22, 2012 by GCI Financial

Silver prices rose 2.51% to USD 34.37 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.23, 0.42% lower from yesterday’s close. Silver is expected to find support at 33.70, and … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold pulls back versus greenback in the Asian session

Posted on February 22, 2012 by GCI Financial

Gold prices traded higher by 1.58% against the USD in the 24 hour period ending 23:00GMT, at 1759.95 per ounce. In the Asian session, at GMT0400, Gold is trading at 1756.22, 0.21% lower from yesterday’s close. Gold is expected to … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Oil trading lower this morning

Posted on February 21, 2012 by GCI Financial

Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 104.87, as investors booked profits after oil prices crossed $105 per barrel. During the day, oil climbed on news that Iran was halting its … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver trading higher in the Asian session

Posted on February 21, 2012 by GCI Financial

Silver prices declined marginally to USD 33.53per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.61, 0.23% higher from yesterday’s close. Silver is expected to find support at 33.44, and a … Continue reading →

Posted in Silver | Leave a comment