Gold: Gold regains $1,800 level

Posted on August 31, 2011 by GCI Financial

Gold prices traded higher by 2.50% against the USD in the 24 hour period ending 23:00GMT, at 1,834.80 per ounce, on speculation that the Federal Reserve would ease monetary policy further to stimulate the economy, boosting the appeal for the … Continue reading →

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Crude Oil: Oil rises on upbeat US consumer data, investors shrug off Irene impact, trading lower this morning

Posted on August 30, 2011 by GCI Financial

Oil prices advanced 2.75% against the USD for the 24 hour period ending 23:00GMT, closing at 87.67, after an unexpected surge in consumer spending in July signalled that the US economy was not falling into recession, reducing fuel demand concerns. … Continue reading →

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Silver: Silver sinks as recession concerns ebb

Posted on August 30, 2011 by GCI Financial

Silver prices declined 1.33% to USD 40.88 per ounce during the 24 hours ending 23:00GMT, as fears of a new recession receded. In the Asian session at 3:00GMT, silver is trading at USD 40.65 per ounce, 0.56% lower, from 23:00GMT. … Continue reading →

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Gold: Yellow metal price soft under US$1800

Posted on August 30, 2011 by GCI Financial

Gold prices traded lower by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1,790.09 per ounce, as rise in the US equities and optimism over the US economy diminished appeal of the yellow metal. In the … Continue reading →

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Crude Oil: Trading lower after Friday’s gain

Posted on August 29, 2011 by GCI Financial

Oil prices advanced 0.25% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 85.53, after the US Federal Reserve Chairman Ben Bernanke gave a more optimistic view about the US economy and deferred all talk … Continue reading →

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Silver: Trading lower in Asian session

Posted on August 29, 2011 by GCI Financial

Silver prices rose 1.18% to USD 41.33 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.25 per ounce, 0.19% lower, from 23:00GMT. The first level of short … Continue reading →

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Gold: Yellow metal rose more than 3% as hopes of stimulus remain, trading lower this morning

Posted on August 29, 2011 by GCI Financial

Gold prices traded higher by 3.76% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,828.35 per ounce, after Federal Reserve Chairman Ben S. Bernanke offered no plan to provide further stimulus for the economy, while … Continue reading →

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Silver: White metal trading lower after yesterday’s sharp rise

Posted on August 26, 2011 by GCI Financial

Silver prices rose 3.00% to USD40.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD40.74 per ounce, 0.27% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Gold continues to gain on safe haven appeal

Posted on August 26, 2011 by GCI Financial

Gold prices traded higher by 0.83% against the USD in the 24 hour period ending 23:00GMT, at 1,762.05 per ounce, as a poor weekly US jobless claims report increased the appeal of the yellow metal. In the Asian session at … Continue reading →

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Crude Oil: Crude oil trading lower in the Asian session

Posted on August 26, 2011 by GCI Financial

Oil prices rose 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 85.31, on hopes that Federal Reserve Chairman, Ben S. Bernanke would announce more stimulus and as hurricane Irene threatened to shut refineries on the … Continue reading →

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Gold: Yellow metal dips on Fed concerns, trading higher this morning

Posted on August 25, 2011 by GCI Financial

Gold prices traded lower by 4.85% against the USD in the 24 hour period ending 23:00GMT, at 1,747.58 per ounce, losing its shine, as strong US economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the … Continue reading →

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