Silver: Trading higher this morning

Posted on August 10, 2011 by GCI Financial

Silver prices declined 2.68% to USD38.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.42 per ounce, 0.65% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Yellow metal continues to roar

Posted on August 10, 2011 by GCI Financial

Gold prices traded higher by 1.64% against the USD in the 24 hour period ending 23:00GMT, at USD1,749.70 per ounce, as the Federal Reserve pledged to keep its benchmark interest rate low at least through mid-2013. In the Asian session … Continue reading →

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Crude Oil: Continues to trade lower, Investors await the API oil inventory reports

Posted on August 9, 2011 by GCI Financial

Oil prices declined 4.50% against the USD for the 24 hour period ending 23:00GMT, closing at 80.61, on demand concerns. At GMT 0300, Oil is trading at USD77.46 per barrel in the Asian session, 3.91% lower from 23:00GMT. The pair … Continue reading →

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Silver: Retreats in the Asian session

Posted on August 9, 2011 by GCI Financial

Silver prices rose 0.87% to USD39.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.99 per ounce, 0.59% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Gold rises to record as rating cut spurs buying

Posted on August 9, 2011 by GCI Financial

Gold prices traded higher by 2.20% against the USD in the 24 hour period ending 23:00GMT, at 1,721.40 per ounce, as investors sought safe haven in the yellow metal after Standard & Poor’s downgraded the US credit rating late on … Continue reading →

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Crude Oil: Oil tumbled as US loses “AAA” rating

Posted on August 8, 2011 by GCI Financial

Oil prices advanced 1.00% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.21, amid better than expected US jobs data. At GMT 0300, Oil is trading at USD83.94 per barrel in the Asian session, … Continue reading →

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Silver: Weaker dollar boosts white metal in the morning session

Posted on August 8, 2011 by GCI Financial

Silver prices declined 1.90% to USD38.23 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD40.13 per ounce, 4.97% higher, from 23:00GMT, as the dollar slipped in response to … Continue reading →

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Gold: Gold rose on safe haven appeal

Posted on August 8, 2011 by GCI Financial

Gold prices traded higher by 0.78% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,662.70 per ounce, amid concerns over deteriorating economic conditions in the US and Euro zone. In the Asian session at 3:00GMT, … Continue reading →

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Crude Oil: Oil continues to tumble on global economy concerns

Posted on August 5, 2011 by GCI Financial

Oil prices declined 6.33% against the USD for the 24 hour period ending 23:00GMT, closing at 86.35, amid concerns over US economic recovery and European debt crisis. A strong dollar also weighed down the oil prices. At GMT 0300, Oil … Continue reading →

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Silver: Trading higher this morning after a sharp fall

Posted on August 5, 2011 by GCI Financial

Silver prices declined 6.25% to USD 38.97 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.25 per ounce, 0.72% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold fell on profit booking, trading higher this morning

Posted on August 5, 2011 by GCI Financial

Gold prices traded lower by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1,649.85 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,652.13 per ounce, 0.14% higher from 23:00GMT. The pair … Continue reading →

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