Gold: Gold continues to lose shine in the Asian session

Posted on January 20, 2012 by GCI Financial

Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 24:00GMT, at 1657.24 per ounce, as the safe-haven appeal of the metal was reduced following the release of bigger-than-expected decline in US jobless claims. In … Continue reading →

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Silver: White metal gives up some gains in the Asian session

Posted on January 19, 2012 by GCI Financial

Silver prices rose 1.67% to USD 1661.54per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.53, 0.07% lower from yesterday’s close. Silver is expected to find support at 29.99, and a … Continue reading →

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Crude Oil: Crude oil advances on inventory drop

Posted on January 19, 2012 by GCI Financial

Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48. Late yesterday, the American Petroleum Institute (API) reported that crude-oil inventories, for the week ended January 13, retreated 4.8 million barrels. Meanwhile, gasoline … Continue reading →

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Gold: Gold extended its gain this morning

Posted on January 19, 2012 by GCI Financial

Gold prices traded higher by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1661.54per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1664.023, 0.15% higher from yesterday’s close. Gold … Continue reading →

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Crude Oil: Crude oil holds above $100 mark on Iran supply concerns, positive economic data

Posted on January 18, 2012 by GCI Financial

Oil prices advanced 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 101.13, buoyed by positive US and Chinese economic data and as Saudi Arabia indicated that it is likely to keep prices high at around … Continue reading →

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Silver: White metal rises on positive sentiment

Posted on January 18, 2012 by GCI Financial

Silver prices rose 0.57% to USD30.05 per ounce during the 24 hours ending 23:00GMT, as strong global economic data lifted investor sentiment. In the Asian session, at GMT0400, Silver is trading at 30.13, 0.26% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Gold continues to trade higher in the Asian session

Posted on January 18, 2012 by GCI Financial

Gold prices traded higher by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1651.74 per ounce, as the dollar weakened. In the Asian session, at GMT0400, Gold is trading at 1653.22, 0.09% higher from yesterday’s close. … Continue reading →

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Crude Oil: Oil prices gain after Iran warning, trading above $100 per barrel

Posted on January 17, 2012 by GCI Financial

Oil prices advanced 0.87% against the USD for the 24 hour period ending 23:00GMT, closing at 99.65, amid supply concerns, as tension between Iran and Saudi Arabia grew, after the former warned its Gulf Arab neighbours not to make up … Continue reading →

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Silver: Silver recovers on renewed buying

Posted on January 17, 2012 by GCI Financial

Silver prices fell 0.05% to USD29.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.22, 1.15% higher from yesterday’s close, on renewed demand from industrial users across Asia. Silver is … Continue reading →

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Gold: Yellow metal shines on encouraging Chinese data

Posted on January 17, 2012 by GCI Financial

Gold prices traded higher by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1642.93 per ounce. In the Asian session, at GMT0400, Gold is trading at 1657.68, 0.90% higher from yesterday’s close, encouraged by revived risk … Continue reading →

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Crude Oil: Crude oil trading higher on supply threats

Posted on January 16, 2012 by GCI Financial

Oil prices declined 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 98.79 on Friday, as investors fled the commodity for the safe haven dollar on reports that Standard & Poor’s downgraded France. In the Asian … Continue reading →

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