Crude Oil: Oil slumps as eurozone concerns dominate, trading higher this morning

Posted on September 20, 2011 by GCI Financial

Oil prices declined 2.49% against the USD for the 24 hour period ending 23:00GMT, closing at 85.11, after Standard & Poor’s cut Italy’s credit rating, raising concerns that the fuel demand would falter. Also, the worsening Greece debt crisis further … Continue reading →

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Silver: Trading below its MA’s

Posted on September 20, 2011 by GCI Financial

Silver prices declined 2.72% to USD 39.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.54 per ounce, 0.18% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal trading lower

Posted on September 20, 2011 by GCI Financial

Gold prices traded lower by 2.19% against the USD in the 24 hour period ending 23:00GMT, at 1,783.07 per ounce, amid profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,781.49 per ounce, marginally lower from … Continue reading →

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Crude Oil: Crude continues to decline on European debt‎ crisis

Posted on September 19, 2011 by GCI Financial

Oil prices declined 1.48% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.97, amid concerns that the European leaders have not taken sufficient steps to control the region’s debt crisis. At GMT 0300, Oil … Continue reading →

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Silver: White metal zooms higher

Posted on September 19, 2011 by GCI Financial

Silver prices rose 2.16% to USD 40.66 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.73 per ounce, 0.16% higher, from Friday’s close. The first level of … Continue reading →

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Gold: Yellow metal continues to shine this morning

Posted on September 19, 2011 by GCI Financial

Gold prices traded higher by 1.26% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,811.68per ounce, as investors sought safe-haven assets, amid continuing concerns over the eurozone’s sovereign debt crisis. In the Asian session at … Continue reading →

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Gold: Yellow metal trading below $1,800 per ounce

Posted on September 16, 2011 by GCI Financial

Gold prices traded lower by 1.81% against the USD in the 24 hour period ending 23:00GMT, at 1,789.10 per ounce, after the European Central Bank along with the world’s top central banks announced they would provide additional dollar loans to … Continue reading →

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Silver: Silver continues to trade lower this morning

Posted on September 16, 2011 by GCI Financial

Silver prices declined 2.21% to USD 39.80 per ounce during the 24 hours ending 23:00GMT, as efforts by global central banks to end the region’s debt crisis prompted investors to sell the white metal. In the Asian session at 3:00GMT, … Continue reading →

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Crude Oil: Oil trading higher as optimism returns

Posted on September 16, 2011 by GCI Financial

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 89.29, after the European Central Bank announced a coordinated effort with other central banks to provide liquidity to European banks, spurring hopes of a … Continue reading →

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Crude Oil: Crude oil backpedals, trading under $89 per barrel

Posted on September 15, 2011 by GCI Financial

Oil prices declined 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 88.73. The Energy Information Administration reported that the oil inventories declined 6.7 million barrels in the week ended September 9. Gasoline supplies added 1.9 … Continue reading →

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Silver: Silver marches southwards

Posted on September 15, 2011 by GCI Financial

Silver prices declined 0.96% to USD 40.70 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.61 per ounce, 0.22% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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