Gold: Zero US job growth sparks gold rally, trading lower this morning

Posted on September 5, 2011 by GCI Financial

Gold prices traded higher by 3.16% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,883.00 per ounce, as dismal US jobs reports data boosted investor demand for the safe haven asset. In the Asian session … Continue reading →

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Silver: White metal shines as recession fears deepen, trading lower in Asian session

Posted on September 5, 2011 by GCI Financial

Silver prices rose 4.00% to USD43.20 per ounce, on Friday, during the 24 hours ending 23:00GMT, after downbeat US jobs report reinforced fears of recession, thereby improving the appeal for the precious metal. In the Asian session at 3:00GMT, silver … Continue reading →

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Crude Oil: Crude oil extends declines in the Asian session

Posted on September 5, 2011 by GCI Financial

Oil prices declined 2.47% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 86.54, as a weak jobs report stoked recession concerns, outweighing production shutdowns in the Gulf of Mexico as tropical storm, Lee formed … Continue reading →

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Silver: Recouping yesterday’s losses, this morning

Posted on September 2, 2011 by GCI Financial

Silver prices declined 0.17% to USD41.54 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD41.62 per ounce, 0.19% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Yellow metal settles modestly lower as greenback rises, trading higher this morning

Posted on September 2, 2011 by GCI Financial

Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1,825.37 per ounce, as upbeat US manufacturing data reduced the appeal of the safe haven metal. In the Asian session at 3:00GMT, gold is … Continue reading →

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Crude Oil: Oil rose amid mixed news, trading lower in Asian session

Posted on September 2, 2011 by GCI Financial

Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 88.73, amid encouraging US manufacturing and factory orders data. China’s positive Purchasing Managers’ Index (PMI) also helped bolster oil prices. Oil prices also inched … Continue reading →

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Silver: Trading flat this morning

Posted on September 1, 2011 by GCI Financial

Silver prices rose 0.82% to USD41.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD41.63 per ounce, 0.05% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Gold backpedals

Posted on September 1, 2011 by GCI Financial

Gold prices traded lower by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1,825.79 per ounce. In the Asian session at 3:00GMT, gold is trading at USD1,824.95 per ounce, 0.05% lower from 23:00GMT. The pair is … Continue reading →

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Crude Oil: Crude gains on US gasoline drawdown

Posted on September 1, 2011 by GCI Financial

Oil prices advanced 0.19% against the USD for the 24 hour period ending 23:00GMT, closing at 88.70, after a government report showed a sharp drop in gasoline stockpiles last week thereby outweighing the impact of surging oil inventories. The US … Continue reading →

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Crude Oil: Oil trades above $88 per barrel

Posted on August 31, 2011 by GCI Financial

Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 88.53, as the Fed’s minutes released yesterday raised hopes for more US economic stimulus. Late Tuesday, the American Petroleum Institute reported that crude-oil inventories … Continue reading →

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Silver: Continues to trade higher

Posted on August 31, 2011 by GCI Financial

Silver prices rose 0.95% to USD 41.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.36 per ounce, 0.22% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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