Gold: Yellow metal loses shine as safe haven appeal declined

Posted on September 15, 2011 by GCI Financial

Gold prices traded lower by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1,822.05 per ounce, as optimism over Europe’s debt crisis eased investor demand for the precious metal as a safe haven. In the Asian … Continue reading →

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Crude Oil: Crude slips as IEA cuts demand forecast

Posted on September 14, 2011 by GCI Financial

Oil prices advanced 1.17% against the USD for the 24 hour period ending 23:00GMT, closing at 89.93, amid decline in the crude oil inventories. Late Tuesday, the American Petroleum Institute reported that crude oil inventories declined 5.05 million barrels last … Continue reading →

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Silver: White metal rose as bargain hunters came in focus, trading flat this morning

Posted on September 14, 2011 by GCI Financial

Silver prices rose 1.26% to USD 41.09 per ounce during the 24 hours ending 23:00GMT, amid bargain hunting. In the Asian session at 3:00GMT, silver is trading at USD 41.06 per ounce, marginally lower, from 23:00GMT. The first level of … Continue reading →

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Gold: Yellow metal up nearly 1% as Europe remains a concern

Posted on September 14, 2011 by GCI Financial

Gold prices traded higher by 0.89% against the USD in the 24 hour period ending 23:00GMT, at 1,836.32 per ounce, as continued Euro zone debt concerns and steep losses for metals in previous few sessions encouraged buyers back to markets. … Continue reading →

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Crude Oil: Crude oil trading lower this morning, after OPEC projected downward demand

Posted on September 13, 2011 by GCI Financial

Oil prices advanced 2.70% against the USD for the 24 hour period ending 23:00GMT, closing at 88.89. At GMT 0300, Oil is trading at USD 88.78 per barrel in the Asian session, 0.12% lower from 23:00GMT, with sentiment subdued after … Continue reading →

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Silver: Silver joins gold rebound in Asian session

Posted on September 13, 2011 by GCI Financial

Silver prices declined 1.29% to USD 40.58 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.85 per ounce, 0.67% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal rebound this morning

Posted on September 13, 2011 by GCI Financial

Gold prices traded lower by 1.84% against the USD in the 24 hour period ending 23:00GMT, at 1,820.09 per ounce, dragged down stronger dollar and fears the metal might be overvalued after rising $1,900 per ounce last week. In the … Continue reading →

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Gold: Yellow metal dragged down on profit taking

Posted on September 12, 2011 by GCI Financial

Gold prices traded lower by 0.48% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,854.00 per ounce, as profit-taking by investors and a spike in the US dollar outweighed the desire for a safer haven. … Continue reading →

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Silver: Continues to trade lower

Posted on September 12, 2011 by GCI Financial

Silver prices declined 2.01% to USD 41.35 per ounce, on Friday, during the 24 hours ending 23:00GMT, on European debt concerns. In the Asian session at 3:00GMT, silver is trading at USD 41.26 per ounce, 0.22% lower, from 23:00GMT. The … Continue reading →

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Crude Oil: Crude oil falls on concerns over European economy

Posted on September 12, 2011 by GCI Financial

Oil prices declined 1.83% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 86.99, as hopes for a clear roadmap for solving the European debt crisis and energizing recovery in the US faded. Investors shunned … Continue reading →

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Crude Oil: Oil declined for second day, trading higher this morning

Posted on September 9, 2011 by GCI Financial

Oil prices declined 1.45% against the USD for the 24 hour period ending 23:00GMT, closing at 88.61, as investors bet that oil demand would falter, after the Federal Reserve Chairman, Ben Bernanke stated that the economic recovery is fragile. At … Continue reading →

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