Gold: Yellow metal continues to trade higher

Posted on July 11, 2011 by GCI Financial

Gold prices traded higher by 0.82% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,543.40 per ounce, as a weaker-than-expected US nonfarm payrolls data spurred demand for the yellow metal. In the Asian session at … Continue reading →

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Crude Oil: Crude oil trading lower in Asian session, on US jobs report, China inflation

Posted on July 11, 2011 by GCI Financial

Oil prices declined 2.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 96.39, as dismal US unemployment data in June disappointed investors and raised concerns over the demand for oil. In China, consumer price … Continue reading →

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Silver: Retreats in the Asian session

Posted on July 8, 2011 by GCI Financial

Silver prices rose 1.38% to USD 36.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.42 per ounce, 0.09% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil rose, amid upbeat US economic data and drop in crude stockpile, trading lower this morning

Posted on July 8, 2011 by GCI Financial

Oil prices advanced 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.90, buoyed by better-than-expected US jobs report data and drop in US crude supplies. The US Energy Information Administration indicated that US crude oil … Continue reading →

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Gold: Trading flat this morning

Posted on July 8, 2011 by GCI Financial

Gold prices traded higher by 0.15% against the USD in the 24 hour period ending 23:00GMT, at 1,530.82 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,531.05 per ounce, flat from 23:00GMT. The pair is … Continue reading →

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Crude Oil: Crude Oil advances on signs of improved US demand

Posted on July 7, 2011 by GCI Financial

Oil prices advanced 0.25% against the USD for the 24 hour period ending 23:00GMT, closing at 97.28, after report showed that crude stockpiles declined in the US, signaling that fuel demand may rise in the US. Late Wednesday, the American … Continue reading →

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Silver: Silver continues to shine

Posted on July 7, 2011 by GCI Financial

Silver prices rose 1.49% to USD 35.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.15 per ounce, 0.52% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal marches northwards

Posted on July 7, 2011 by GCI Financial

Gold prices traded higher by 0.99% against the USD in the 24 hour period ending 23:00GMT, at 1,528.60 per ounce, after a rate rise in China put inflation concerns back in the spotlight and as concerns over euro zone debt … Continue reading →

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Gold: Trading flat, after yesterday’s rise

Posted on July 6, 2011 by GCI Financial

Gold prices traded higher by 1.22% against the USD in the 24 hour period ending 23:00GMT, at 1,513.55 per ounce, stoked by concerns over the outlook for the Chinese economy and amid renewed worries over the euro zone debt crisis. … Continue reading →

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Silver: Trading above its MA’s

Posted on July 6, 2011 by GCI Financial

Silver prices rose 3.80% to USD 35.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.38 per ounce, 0.16% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Continues to zoom ahead

Posted on July 6, 2011 by GCI Financial

Oil prices advanced 2.08% against the USD for the 24 hour period ending 23:00GMT, closing at 97.04, after the report indicated that new orders for US manufactured goods rose in May. Prices were further bolstered after Barclays Capital raised its … Continue reading →

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