Crude Oil: Oil fell on EIA data

Posted on August 4, 2011 by GCI Financial

Oil prices declined 1.07% against the USD for the 24 hour period ending 23:00GMT, closing at 92.19, as increase in oil inventories fed concerns over prospects for oil demand. In the US, the Energy Information Administration (EIA) reported that oil … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Zooms higher

Posted on August 4, 2011 by GCI Financial

Silver prices rose 2.26% to USD 41.57 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.85 per ounce, 0.67% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continues its northward journey

Posted on August 4, 2011 by GCI Financial

Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,660.10 per ounce, as the euro-zone debt crisis and signs of sluggish global growth as decline in equities raised appeal for safe-haven gold. … Continue reading →

Posted in Gold | Leave a comment

Gold: Yellow metal surged on South Korea purchase, global slowdown concerns, back-pedals this morning

Posted on August 3, 2011 by GCI Financial

Gold prices traded higher by 2.56% against the USD in the 24 hour period ending 23:00GMT, at 1,657.95 per ounce, as concerns over a slowdown in global growth and Europe’s debt crisis spurred appeal for safe-haven assets. Gold prices also … Continue reading →

Posted in Gold | Leave a comment

Silver: White metal continues to shine

Posted on August 3, 2011 by GCI Financial

Silver prices rose 3.73% to USD 40.65 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.74 per ounce, 0.22% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

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

Posted on August 3, 2011 by GCI Financial

Oil prices declined 2.18% against the USD for the 24 hour period ending 23:00GMT, closing at 93.19, as release of poor US consumer spending data, raised concerns over the fuel demand. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading →

Posted in Crude Oil | Leave a comment

Crude Oil: Oil rally loses steam

Posted on August 2, 2011 by GCI Financial

Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, after a report showed that the US manufacturing index fell more than expected in July. At GMT 0300, Oil is trading at USD … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading higher this morning

Posted on August 2, 2011 by GCI Financial

Silver prices declined 1.26% to USD 39.19 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.59 per ounce, 1.02% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold gains, after ISM disappoints

Posted on August 2, 2011 by GCI Financial

Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,616.50 per ounce, as a weaker-than-expected reading on the US manufacturing raised appeal of the precious metal. In the Asian session at 3:00GMT, … Continue reading →

Posted in Gold | Leave a comment

Silver: Trading lower this morning

Posted on August 1, 2011 by GCI Financial

Silver prices rose 0.28% to USD 39.85 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.47 per ounce, 0.95% lower, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal surge on weak GDP data, trading lower this morning

Posted on August 1, 2011 by GCI Financial

Gold prices traded higher by 0.65% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,626.20 per ounce, after the vote on the debt plan was postponed and the economic data showed that the US economy … Continue reading →

Posted in Gold | Leave a comment