Crude Oil: Crude oil loses steam in the Asian session

Posted on February 9, 2012 by GCI Financial

Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.85. Yesterday, the Energy Information Administration reported that in the week ended February 3, crude oil inventories climbed 300,000 barrels. Gasoline stocks rose 1.60 … Continue reading →

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Silver: Trading between its MA’s

Posted on February 9, 2012 by GCI Financial

Silver prices declined 0.53% to USD 33.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.95, flat from yesterday’s close. Silver is expected to find support at 33.57, and a … Continue reading →

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Gold: Yellow metal steady on China inflation

Posted on February 9, 2012 by GCI Financial

Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1731.81 per ounce, as improved risk sentiment across the globe weighed on the safe-haven demand for the yellow metal, prompting investors to book … Continue reading →

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Crude Oil: Oil advanced after unexpected drop in crude oil stockpiles

Posted on February 8, 2012 by GCI Financial

Oil prices advanced 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 98.75, on the back of concerns surrounding Iran and Nigeria and drop in crude oil inventories. Late Tuesday, American Petroleum Institute reported crude inventories … Continue reading →

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Silver: Tad lower in the Asian session

Posted on February 8, 2012 by GCI Financial

Silver prices rose 1.37% to USD 34.13per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.12, marginally lower from yesterday’s close. Silver is expected to find support at 33.41, and a … Continue reading →

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Gold: Yellow metal rallied on speculation of further monetary easing

Posted on February 8, 2012 by GCI Financial

Gold prices traded higher by 1.38% against the USD in the 24 hour period ending 23:00GMT, at 1744.69 per ounce, as dollar weakened following hopes that Greek authorities are close to an agreement with its international creditors for a bailout … Continue reading →

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Crude Oil: Continue to trade lower on speculation that US inventories might rise.

Posted on February 7, 2012 by GCI Financial

Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 97.17, on speculation that stock piles might increase in the US and amid concerns that Greece would fail to take sufficient steps to avert … Continue reading →

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Silver: Dips further

Posted on February 7, 2012 by GCI Financial

Silver prices declined 0.05% to USD 33.67 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.6015, 0.21% lower from yesterday’s close. Silver is expected to find support at 33.11, and … Continue reading →

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Gold: Yellow metal slips as Greece concerns sparks dollar rally

Posted on February 7, 2012 by GCI Financial

Gold prices traded lower by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1720.88 per ounce, as renewed fears that Greece would fail to reach an acceptable deal with its private creditors weakened demand for the … Continue reading →

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Crude Oil: Crude oil gives up some gains in the Asian session

Posted on February 6, 2012 by GCI Financial

On Friday, Oil prices advanced 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 97.74, after upbeat US economic data boosted investor confidence in the US economic recovery. Moreover, oil prices remain supported by growing tensions … Continue reading →

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Silver: Gaining strength this morning

Posted on February 6, 2012 by GCI Financial

Silver prices fell 2.03% to USD 33.57 per ounce during the 24 hours ending 23:00GMT on Friday. In the Asian session, at GMT0400, Silver is trading at 33.6875, 0.36% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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