Gold: Gold declined on Bernanke comments, trading higher this morning

Posted on October 5, 2011 by GCI Financial

Gold prices traded lower by 2.26% against the USD in the 24 hour period ending 23:00GMT, at 1,626.20 per ounce, after bearish comments from Federal Reserve Chairman, Ben Bernanke, for the US economy and job growth, reduced the appeal for … Continue reading →

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Silver: Trading flat after yesterday’s fall

Posted on October 5, 2011 by GCI Financial

Silver prices declined 2.04% to USD 30.02 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.025, flat from the New York close. Silver is expected to find support at 28.68, … Continue reading →

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Crude Oil: Trading lower this morning

Posted on October 5, 2011 by GCI Financial

Oil prices advanced 2.02% against the USD for the 24 hour period ending 23:00GMT, closing at 77.96 after API report showed a decline in the crude oil inventories. Crude oil prices also gained, following the Federal Reserve Chairman, Ben S. … Continue reading →

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Crude Oil: Crude fell on Greece concerns, trading higher this morning

Posted on October 4, 2011 by GCI Financial

Oil prices declined 2.43% against the USD for the 24 hour period ending 23:00GMT, closing at 76.42, as concerns that Greece might default on its debt outweighed positive US economic data on manufacturing, construction and new vehicle sales. In the … Continue reading →

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Silver: Trading higher

Posted on October 4, 2011 by GCI Financial

Silver prices rose 1.21% to USD 30.65 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.8263, 0.59% higher from the New York close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal continue to shine on safe-haven buying

Posted on October 4, 2011 by GCI Financial

Gold prices traded higher by 2.16% against the USD in the 24 hour period ending 23:00GMT, at 1,663.80 per ounce, as ongoing eurozone debt concerns spurred investors to buy the precious metal. In the Asian session, at GMT0300, Gold is … Continue reading →

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Crude Oil: Crude oil dips further on demand concerns

Posted on October 3, 2011 by GCI Financial

Oil prices declined 5.02% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 78.67, over investors’ speculation that the oil demand would falter amid European debt concerns. Also, signs of slowing economic growth in China … Continue reading →

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Silver: Trading higher this morning

Posted on October 3, 2011 by GCI Financial

Silver prices declined 2.60% to USD 29.79 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 30.37 per ounce, 1.93% higher, from Friday’s close. The first level of … Continue reading →

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Gold: Gold trading higher amid bargain hunting

Posted on October 3, 2011 by GCI Financial

Gold prices traded slightly higher against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,620.68 per ounce, as recent correction in precious metal prices attracted investors for fresh buying. In the Asian session at 3:00GMT, gold … Continue reading →

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Crude Oil: Crude rose on German vote, upbeat US data, trading lower this morning

Posted on September 30, 2011 by GCI Financial

Oil prices advanced 3.52% against the USD for the 24 hour period ending 23:00GMT, closing at 82.83, after the German Parliament approved expanded European bailout fund, raising prospects for oil demand. At GMT 0300, Oil is trading at USD 82.61 … Continue reading →

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Silver: Trading higher

Posted on September 30, 2011 by GCI Financial

Silver prices rose 2.98% to USD 30.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 30.91 per ounce, 1.07% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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