Crude Oil: Crude tumbles more than 6% on economic slowdown fears

Posted on August 19, 2011 by GCI Financial

Oil prices declined 6.76% against the USD for the 24 hour period ending 23:00GMT, closing at 81.53, as Morgan Stanley cut its forecast for global growth in 2011 yesterday, raising concerns about the oil demand. Global investment bank Morgan Stanley, … Continue reading →

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Silver: White metal continues to trades higher, as slowdown concerns grip global markets

Posted on August 19, 2011 by GCI Financial

Silver prices rose 0.92% to USD 40.61 per ounce during the 24 hours ending 23:00GMT, as concerns of a global economic slowdown gripped markets and the US macroeconomic reports gave such worries even more weight. In the Asian session at … Continue reading →

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Gold: Gold rises to new records, breaks above $1,800 on growth concerns

Posted on August 19, 2011 by GCI Financial

Gold prices traded higher by 2.02% against the USD in the 24 hour period ending 23:00GMT, at 1,824.10 per ounce, after the US data pointed to a stalled economy, while renewed concerns over the health of European banks brought additional … Continue reading →

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Silver: Trading lower this morning

Posted on August 18, 2011 by GCI Financial

Silver prices rose 0.85% to USD 40.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.19 per ounce, 0.12% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude rose as gasoline stocks drop, trading flat this morning

Posted on August 18, 2011 by GCI Financial

Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 87.44, as a government report of a sharp drop in gasoline stockpiles provided enough lift to offset a rise in crude inventories and concerns … Continue reading →

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Gold: Yellow metal settles at record, just shy of $1,800

Posted on August 18, 2011 by GCI Financial

Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1,787.90 per ounce, as investors remained nervous over the euro zone’s sovereign-debt crisis and weak prospects for global growth. Gold further gained after, … Continue reading →

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Crude Oil: Oil slips on weak global data, firm dollar

Posted on August 17, 2011 by GCI Financial

Oil prices declined 0.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.18, as concerns over global economic growth and a stronger dollar tempered risk appetite for risky assets. Crude oil prices fell on Tuesday, after … Continue reading →

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Silver: Continues to trade higher

Posted on August 17, 2011 by GCI Financial

Silver prices rose 0.50% to USD 39.90 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.94 per ounce, 0.10% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold rises as euro zone debt concerns resurface, trading flat this morning

Posted on August 17, 2011 by GCI Financial

Gold prices traded higher by 1.03% against the USD in the 24 hour period ending 23:00GMT, at 1,784.15 per ounce, ahead of a summit between leaders from France and Germany on the euro zone debt crisis, though the precious metal … Continue reading →

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Crude Oil: Trading flat after yesterdays surge

Posted on August 16, 2011 by GCI Financial

Oil prices advanced 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 87.50. At GMT 0300, Oil is trading at USD 87.47per barrel in the Asian session, flat from 23:00GMT. The pair has its first resistance … Continue reading →

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Silver: Continues to trade higher

Posted on August 16, 2011 by GCI Financial

Silver prices rose 1.53% to USD 39.70 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.76 per ounce, 0.15% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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