Crude Oil: Crude oil trading lower as API records sharp rise in crude stockpiles

Posted on January 25, 2012 by GCI Financial

Oil prices declined 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 99.19, after a report showed a sharp rise in last week’s US crude inventories. Late yesterday, the American Petroleum Institute (API) reported that crude-oil … Continue reading →

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Silver: Silver recovers losses in the Asian session

Posted on January 25, 2012 by GCI Financial

Silver prices declined 0.68% to USD 32.14 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.19, 0.15% higher from yesterday’s close. Silver is expected to find support at 31.88, and … Continue reading →

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Gold: Gold trading lower ahead of US Federal Reserve policy statement

Posted on January 25, 2012 by GCI Financial

Gold prices traded lower by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1667.45 per ounce, amid profit booking. In the Asian session, at GMT0400, Gold is trading at 1665.20, 0.08% lower from yesterday’s close, as … Continue reading →

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Silver: Drifting lower this morning after yesterday’s surge

Posted on January 24, 2012 by GCI Financial

Silver prices rose 1.16% to USD 32.36 per ounce during the 24 hours ending 23:00GMT, as a weaker dollar boosted demand for industrial metal. In the Asian session, at GMT0400, Silver is trading at 32.25, 0.34% lower from yesterday’s close. … Continue reading →

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Crude Oil: Crude oil advanced on EU’s Iran embargo; Inventory reports awaited

Posted on January 24, 2012 by GCI Financial

Oil prices advanced 1.88% against the USD for the 24 hour period ending 23:00GMT, closing at 99.91, amid supply concerns after European Union officials stated that diplomats agreed to place an embargo on Iran oil in a phased manner starting … Continue reading →

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Gold: Gold shines as weak greenback spurs precious metal demand, trading lower this morning

Posted on January 24, 2012 by GCI Financial

Gold prices traded higher by 0.71% against the USD in the 24 hour period ending 23:00GMT, at 1676.39 per ounce, as the dollar weakened. Additionally, the European Union barred trade in gold and other precious metals with Iranian public bodies, … Continue reading →

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Crude Oil: Crude oil trading lower ahead of EU meeting on Iran oil sanctions

Posted on January 23, 2012 by GCI Financial

Oil prices declined 2.31% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 98.07. According to the American Petroleum Institute’s monthly report released on Friday, US petroleum demand in December was down 5.9% from December … Continue reading →

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Silver: White metal continues to shine in the Asian session

Posted on January 23, 2012 by GCI Financial

Silver prices rose 4.46% to USD 31.99 per ounce during the 24 hours ending 23:00GMT on Friday. In the Asian session, at GMT0400, Silver is trading at 32.42, 1.37% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold holds on to Friday’s gains

Posted on January 23, 2012 by GCI Financial

Gold prices traded higher on Friday by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1664.59 per ounce. In the Asian session, at GMT0400, Gold is trading at 1669.54, 0.30% higher from Friday’s close. Gold is … Continue reading →

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Crude Oil: Trading tad above $100 per barrel

Posted on January 20, 2012 by GCI Financial

Oil prices declined 1.07% against the USD for the 24 hour period ending 24:00GMT, closing at 100.39, after a report on US oil stockpiles suggested weaker fuel demand globally. According to the Energy Department, US gasoline consumption fell 2.2% to … Continue reading →

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Silver: Silver gives up some gains this morning

Posted on January 20, 2012 by GCI Financial

Silver prices rose 0.23% to USD 30.62 per ounce during the 24 hours ending 24:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.59, 0.1% lower from yesterday’s close. Silver is expected to find support at 30.33, and … Continue reading →

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