Crude Oil: Oil trading below $101 per barrel over S&P’s warning for a possible downgrade

Posted on December 6, 2011 by GCI Financial

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 100.60, after reports that Standard & Poor’s has warned six European nations about their triple-A ratings downgrade, raised concerns that the global fuel demand … Continue reading →

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Silver: Continues to trade lower this morning

Posted on December 6, 2011 by GCI Financial

Silver prices declined 2.25% to USD 32.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.03, 0.22% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading →

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Gold: Yellow metal continues to lose its shine

Posted on December 6, 2011 by GCI Financial

Gold prices traded lower by 1.69% against the USD in the 24 hour period ending 23:00GMT, at 1,723.43 per ounce, as European leaders worked to resolve the region’s sovereign-debt crisis, reducing demand for the precious metal. The precious metal extended … Continue reading →

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Crude Oil: Crude rises as Iran tension stoke supply concern

Posted on December 5, 2011 by GCI Financial

Oil prices advanced 0.99% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.07, after a report showed a sharp decline in the US unemployment rate, raising optimism over the country’s economic recovery. Deepening tensions … Continue reading →

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Silver: Trading below its MA’s

Posted on December 5, 2011 by GCI Financial

Silver prices declined 0.81% to USD 32.57 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.73, 0.49% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Trading marginally higher this morning

Posted on December 5, 2011 by GCI Financial

Gold prices traded flat against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,745.43 per ounce. In the Asian session, at GMT0400, Gold is trading at 1746.05, 0.04% higher from Friday’s close. Gold is expected to … Continue reading →

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Crude Oil: Crude Oil slipped on global economic concerns, trading tad above $100 per barrel

Posted on December 2, 2011 by GCI Financial

Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 100.08, as signs of further economic slowdown in Europe outweighed better-than-expected US manufacturing data. In the Asian session, at GMT0400, Crude Oil is trading … Continue reading →

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Silver: Trading between its MA’s

Posted on December 2, 2011 by GCI Financial

Silver prices rose 0.05% to USD 32.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.75, 0.24% lower from yesterday’s close. Silver is expected to find support at 32.34, and … Continue reading →

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Gold: Yellow metal continues to trade lower in Asian session

Posted on December 2, 2011 by GCI Financial

Gold prices traded lower by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1,745.57 per ounce, as investor enthusiasm over central banks’ plans to cut the cost of borrowing dollars faded. In the Asian session, at … Continue reading →

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Crude Oil: Crude Oil continues to rise, following Central Banks’ coordinated action to stem Euro-zone debt crisis

Posted on December 1, 2011 by GCI Financial

Oil prices advanced 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 100.51, after the Federal Reserve along with five other central banks made additional funds available to ease worries from European debt crisis, renewed hopes … Continue reading →

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Silver: Trading lower this morning

Posted on December 1, 2011 by GCI Financial

Silver prices rose 2.79% to USD 32.82 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.68, 0.41% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading →

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