Crude Oil: Inventory data from Energy Information Administration awaited later today

Posted on June 8, 2011 by GCI Financial

Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 99.68. The Organization of Petroleum Exporting Countries ministers are expected to increase production quotas at their meeting in Vienna, today. Late yesterday, the American … Continue reading →

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Silver: Trading lower this morning

Posted on June 8, 2011 by GCI Financial

Silver prices rose 0.76% to USD 37.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.86 per ounce, 0.70% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal declines on profit booking in Asian session

Posted on June 8, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,545.67 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,540.25 per ounce, 0.35% lower from 23:00GMT. The pair … Continue reading →

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Silver: Declines sharply this morning

Posted on June 7, 2011 by GCI Financial

Silver prices rose 1.26% to USD 36.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.57 per ounce, 0.73% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude Oil declines ahead of OPEC decision

Posted on June 7, 2011 by GCI Financial

Oil prices declined 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.74, on speculation that OPEC is likely to increase the output. At GMT 0300, Oil is trading at USD 98.48 per barrel in the … Continue reading →

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Gold: Trading marginally lower in Asian session

Posted on June 7, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1,544.25 per ounce, as concerns over global economic recovery supported the buying of safe-haven assets. In the Asian session at 3:00GMT, gold is … Continue reading →

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Crude Oil: Crude slips, holds $100 per barrel levels

Posted on June 6, 2011 by GCI Financial

Oil prices declined 0.08% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.59. At GMT 0300, Oil is trading at USD 100.06 per barrel in the Asian session, 0.53% lower from 23:00GMT. The pair … Continue reading →

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Silver: White metal trading above its MA’s

Posted on June 6, 2011 by GCI Financial

Silver prices declined 0.41% to USD 36.18 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.78 per ounce, 1.66% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Gold shines as weak greenback spurs precious metals

Posted on June 6, 2011 by GCI Financial

Gold prices traded higher by 0.56% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,541.70 per ounce, as dollar weakened, after economic data signaled that the recovery may be faltering, boosting the appeal for precious … Continue reading →

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Silver: Continues to trade lower

Posted on June 3, 2011 by GCI Financial

Silver prices declined 1.89% to USD 36.33 per ounce during the 24 hours ending 23:00GMT, as weak economic data clouded industrial demand prospects for white metal. In the Asian session at 3:00GMT, silver is trading at USD 36.07 per ounce, … Continue reading →

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Gold: Yellow metal loses its shine

Posted on June 3, 2011 by GCI Financial

Gold prices traded lower by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1,533.10 per ounce, on profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,532.60 per ounce, 0.03% lower from … Continue reading →

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