Crude Oil: Crude slides below $86 per barrel

Posted on October 20, 2011 by GCI Financial

Oil prices declined 2.41% against the USD for the 24 hour period ending 23:00GMT, closing at 86.11. The Energy Information Administration reported that crude oil inventories dropped 4.70 million barrels in the week ended October 14. Gasoline inventories declined 3.30 … Continue reading →

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Silver: Trading lower

Posted on October 20, 2011 by GCI Financial

Silver prices declined 1.88% to USD 31.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.73, 1.62% lower from yesterday’s close. Silver is expected to find support at 30.23, and … Continue reading →

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Gold: Yellow metal weakened amid stronger dollar

Posted on October 20, 2011 by GCI Financial

Gold prices traded lower by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1,643.50 per ounce, as investors sold off precious metals over lack of progress over eurozone debt talks. In the Asian session, at GMT0300, … Continue reading →

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Crude Oil: Oil rose after decline in crude inventories, trading flat this morning

Posted on October 19, 2011 by GCI Financial

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 88.24, after API reported a decline in crude oil inventories. Late Tuesday, the American Petroleum Institute (API), reported that crude oil inventories fell 3.13 … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on October 19, 2011 by GCI Financial

Silver prices declined marginally to USD 31.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.92, 0.26% higher from yesterday’s close. Silver is expected to find support at 30.74, and … Continue reading →

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Gold: Gold trading between is MA’s

Posted on October 19, 2011 by GCI Financial

Gold prices traded lower by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1,653.57 per ounce, amid speculation that commodity regulators would pass new rules to set position limits on futures trading. In the Asian session, … Continue reading →

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Gold: Yellow metal loses its shine, trading lower this morning on dashed eurozone hopes

Posted on October 18, 2011 by GCI Financial

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1,673.13 per ounce, as hopes for a speedier resolution for eurozone sovereign-debt crisis faded and as the greenback inched up. In the Asian … Continue reading →

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Silver: Trading lower this morning

Posted on October 18, 2011 by GCI Financial

Silver prices declined 1.14% to USD 31.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.69, 0.51% lower from yesterday’s close. Silver is expected to find support at 31.23, and … Continue reading →

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Crude Oil: Crude falls as eurozone concerns re-emerge

Posted on October 18, 2011 by GCI Financial

Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 86.28, after Germany’s finance minister stated that an upcoming European Union summit would not produce a definitive resolution to the eurozone debt crisis. In … Continue reading →

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Crude Oil: Crude oil rose 3% on retail data, euro hopes, trading lower this morning‎

Posted on October 17, 2011 by GCI Financial

Oil prices advanced 3.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.27, on optimism that European leaders would soon agree on ways to address the eurozone debt crisis. Additionally, strong US retails sales … Continue reading →

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Silver: Trading higher

Posted on October 17, 2011 by GCI Financial

Silver prices rose 1.39% to USD 32.19 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.24, 0.16% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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