Gold: Yellow metal halts slide as weaker dollar boosts demand, trading flat this morning

Posted on August 16, 2011 by GCI Financial

Gold prices traded higher by 1.51% against the USD in the 24 hour period ending 23:00GMT, at 1,765.95 per ounce, as weaker dollar and poor US economic data spurred investors demand for safe-haven assets. In the Asian session at 3:00GMT, … Continue reading →

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Crude Oil: Oil fell on demand concerns, trading higher this morning

Posted on August 15, 2011 by GCI Financial

Oil prices declined 0.20% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 85.37, as US consumer sentiment index fell sharply in August and as Euro zone industrial production dropped unexpectedly in June, raising concerns … Continue reading →

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Silver: Cooling off this morning

Posted on August 15, 2011 by GCI Financial

Silver prices rose 0.72% to USD 39.02 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.94 per ounce, 0.21% lower, from Friday’s close. The first level of … Continue reading →

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Gold: Continues to traded lower in Asian session

Posted on August 15, 2011 by GCI Financial

Gold prices traded lower by 0.74% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,745.80 per ounce, amid profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,744.10 per ounce, 0.10% … Continue reading →

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Gold: Yellow metal loses the shine on margin hike

Posted on August 12, 2011 by GCI Financial

Gold prices traded lower by 2.24% against the USD in the 24 hour period ending 23:00GMT, at 1,758.80 per ounce, as investors booked profits following reports that the US jobless claims declined to a four- month low. Gold prices declined … Continue reading →

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Silver: Trading higher this morning

Posted on August 12, 2011 by GCI Financial

Silver prices fell 1.37% to USD38.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.80 per ounce, 0.15% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Crude Oil: Trading lower after yesterdays surge

Posted on August 12, 2011 by GCI Financial

Oil prices rose 5.11% against the USD for the 24 hour period ending 23:00GMT, closing at 85.54, as a surprise drop in US jobless claims eased concern that the US economy is slowing. At GMT 0300, Oil is trading at … Continue reading →

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Gold: Gold rose on global cues, trading lower in the Asian session

Posted on August 11, 2011 by GCI Financial

Gold prices traded higher by 2.82% against the USD in the 24 hour period ending 23:00GMT, at 1,799.05 per ounce, as fears over escalating European and US debt woes continued to plague equities markets, thereby boosting demand for the precious … Continue reading →

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Silver: White metal backpedals in Asian session after posting handsome gains yesterday

Posted on August 11, 2011 by GCI Financial

Silver prices rose 2.91% to USD39.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.92 per ounce, 0.92% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Crude Oil: Oil weighed down by continuing debt crisis, trading higher this morning

Posted on August 11, 2011 by GCI Financial

Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 81.38, as concerns over the European sovereign debt crisis overshadowed the report of decline in crude stockpiles. The US Energy Information Administration indicated that … Continue reading →

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Crude Oil: Cementing gains

Posted on August 10, 2011 by GCI Financial

Oil prices advanced 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 81.67, after the American Petroleum Institute (API) data showed an unexpected drop in US crude stockpiles. Late Tuesday, the API indicated that crude-oil supplies … Continue reading →

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