Gold: Yellow metal extending its Friday’s gains

Posted on October 17, 2011 by GCI Financial

Gold prices traded higher by 0.92% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,681.18 per ounce, as optimism over eurozone’s plan to resolve the region’s debt crisis and a decline in the greenback lifted … Continue reading →

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Crude Oil: Oil falls as supplies increase, trading flat this morning

Posted on October 14, 2011 by GCI Financial

Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 84.13, following the EIA report showing an increase in oil stockpiles. The Energy Information Administration reported that crude oil inventories rose 1.3 million barrels … Continue reading →

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Silver: Stronger dollar, weaker equities continue to weigh on silver prices

Posted on October 14, 2011 by GCI Financial

Silver prices declined 2.64% to USD 31.75 per ounce during the 24 hours ending 23:00GMT, as equities declined, while gains in the dollar curbed demand for the white metal. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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Gold: Trading flat this morning

Posted on October 14, 2011 by GCI Financial

Gold prices traded lower by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1,665.84 per ounce, as profit booking and a stronger dollar provided downward pressure In the Asian session, at GMT0300, the pair is trading … Continue reading →

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Crude Oil: Oil down as IEA reduces demand forecast

Posted on October 13, 2011 by GCI Financial

Oil prices declined 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 84.91, as Federal Open Market Committee meeting minutes revealed that Federal Reserve officials were concerned that economic growth would not pick up till end … Continue reading →

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Silver: White metal retreats in the Asian session

Posted on October 13, 2011 by GCI Financial

Silver prices rose 1.62% to USD 32.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.57, 0.11% lower from yesterday’s close. Silver is expected to find support at 32.02, and … Continue reading →

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Gold: Yellow metal continues to shine this morning

Posted on October 13, 2011 by GCI Financial

Gold prices traded higher by 0.86% against the USD in the 24 hour period ending 23:00GMT, at 1,678.72 per ounce, as the dollar weakened after the European officials delivered a plan for recapitalising the region’s banks, easing fears over the … Continue reading →

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Crude Oil: Continues to trade lower

Posted on October 12, 2011 by GCI Financial

Oil prices declined 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 85.23. In the Asian session, at GMT0300, Crude oil is trading at 85.07, 0.19% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

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Silver: Trading flat this morning

Posted on October 12, 2011 by GCI Financial

Silver prices declined 0.17% to USD 32.09 per ounce during the 24 hours ending 23:00GMT, as investors sold off their positions over weak global economic trend. In the Asian session, at GMT0300, Silver is trading at 32.12, slightly higher from … Continue reading →

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Gold: Yellow metal weakened on uncertainty over Slovak vote, trading higher this morning

Posted on October 12, 2011 by GCI Financial

Gold prices traded lower by 0.89% against the USD in the 24 hour period ending 23:00GMT, at 1,664.45 per ounce, amid profit booking and as Slovakia made slow progress on voting on the expansion of the European rescue fund. In … Continue reading →

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Crude Oil: Trading lower in Asian session, after yesterday’s surge

Posted on October 11, 2011 by GCI Financial

Oil prices advanced 2.80% against the USD for the 24 hour period ending 23:00GMT, closing at 85.49, after the German and French leaders jointly pledged, over the weekend, to take concrete measures to contain the sovereign-debt crisis in Europe. Oil … Continue reading →

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