Silver: White metal trading lower this morning

Posted on July 20, 2011 by GCI Financial

Silver prices declined 3.10% to USD 39.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.16 per ounce, 0.31% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude oil continues its northward journey

Posted on July 20, 2011 by GCI Financial

Oil prices advanced 2.26% against the USD for the 24 hour period ending 23:00GMT, closing at 98.20, as strong US housing data bolstered hopes for the economic recovery and oil demand. Late Tuesday, the American Petroleum Institute reported that the … Continue reading →

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Gold: Yellow metal took breather on the US debt ceiling progress, trading higher this morning

Posted on July 20, 2011 by GCI Financial

Gold prices traded lower by 0.90% against the USD in the 24 hour period ending 23:00GMT, at 1,589.80 per ounce, as easing concerns over the US economic recovery and European debt crisis decreased appeal for safe-haven assets. In the Asian … Continue reading →

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Silver: Cooling off this morning after yesterday’s surge

Posted on July 19, 2011 by GCI Financial

Silver prices rose 2.19% to USD 40.54 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.25 per ounce, 0.71% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Trading higher ahead of crude oil inventory reports

Posted on July 19, 2011 by GCI Financial

Oil prices declined 1.58% against the USD for the 24 hour period ending 23:00GMT, closing at 96.03, as the greenback strengthened. Further, crude oil fell amid concerns that fuel demand may curb, following continuing concerns over debt crises in Europe … Continue reading →

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Gold: Gold breaks $1600/Oz on debt concerns

Posted on July 19, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,604.22 per ounce, as debt concerns in the Euro zone and the US boosted demand for safe-haven assets. In the Asian session at … Continue reading →

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Crude Oil: Crude oil gives up Friday’s gains

Posted on July 18, 2011 by GCI Financial

Oil prices advanced 1.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 97.42, as the US debt concerns fuelled investors’ expectations for further decline in the greenback, providing a boost to commodities. At GMT … Continue reading →

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Silver: White metal zooms higher

Posted on July 18, 2011 by GCI Financial

Silver prices rose 2.39% to USD 39.20 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.75 per ounce, 1.39% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Yellow metal nears $1,600

Posted on July 18, 2011 by GCI Financial

Gold prices traded higher by 0.44% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,593.65 per ounce, as concerns over the US government’s ability to avoid a default boosted demand for the yellow metal. In … Continue reading →

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Crude Oil: Oil fell on Fed concern‎s, recouping yesterday’s losses this morning

Posted on July 15, 2011 by GCI Financial

Oil prices declined 2.14% against the USD for the 24 hour period ending 23:00GMT, closing at 95.94, after the Federal Reserve Chairman, Ben S. Bernanke stated that the Federal Reserve is not planning more bond-buying to stimulate economic growth. At … Continue reading →

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Gold: Retreats in the Asian session

Posted on July 15, 2011 by GCI Financial

Gold prices traded higher by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1,586.70 per ounce, as concern over more US economic stimulus and debt troubles in the US and Europe boosted the demand for gold … Continue reading →

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