Crude Oil: Crude ends down on the US debt concerns, trading higher this morning

Posted on July 26, 2011 by GCI Financial

Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 99.11, as the US lawmakers’ failure to reach an agreement on the country’s debt ceiling, raised concerns over the decline in energy demand. At … Continue reading →

Posted in Crude Oil | Leave a comment

Gold: Gains in gold prices capped, US debt developments keenly watched

Posted on July 26, 2011 by GCI Financial

Gold prices traded lower by 0.30% against the USD in the 24 hour period ending 23:00GMT, at 1,613.75 per ounce. The losses were however capped as deadlock over raising the US debt limit pushed risk-averse investors to hold the safe-haven … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Trading lower this morning

Posted on July 25, 2011 by GCI Financial

Oil prices advanced 0.39% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.77. At GMT 0300, Oil is trading at USD 98.82 per barrel in the Asian session, 0.95% lower from 23:00GMT. The pair … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Zooms higher

Posted on July 25, 2011 by GCI Financial

Silver prices rose 1.45% to USD 40.01 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.35 per ounce, 0.85% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continues to gain, as failure to raise debt limit spurs default concern

Posted on July 25, 2011 by GCI Financial

Gold prices traded higher by 0.59% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,600.60 per ounce, as the political stand-off in the US over the country’s debt-ceiling fuelled fears among investors about a default. … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Crude higher on Euro zone progress, IEA

Posted on July 22, 2011 by GCI Financial

Oil prices advanced 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 99.38, amid news of a concrete action from European Union leaders on how to help Greece’s deal with its debt issues helped push oil … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading lower this morning

Posted on July 22, 2011 by GCI Financial

Silver prices declined 1.49% to USD 39.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.27 per ounce, 0.44% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continue to drop in Asian session on European debt deal

Posted on July 22, 2011 by GCI Financial

Gold prices traded lower by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1,591.20 per ounce, as perceived progress toward sovereign debt deals in the US and Europe eased investors appeal for safe-haven assets. In the … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Crude prices rose after EIA data, trading lower this morning

Posted on July 21, 2011 by GCI Financial

Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 98.64, after the report showed that the US stockpiles declined more than expected. In the US, the Energy Information Administration reported that the oil … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal continue to surge higher

Posted on July 21, 2011 by GCI Financial

Silver prices rose 1.92% to USD 40.04 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.07 per ounce, 0.09% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Trading above $1600/Oz

Posted on July 21, 2011 by GCI Financial

Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1,599.40 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,601.65 per ounce, 0.14% higher from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment