Crude Oil: Trading above $100 per barrel

Posted on June 3, 2011 by GCI Financial

Oil prices advanced 0.80% against the USD for the 24 hour period ending 23:00GMT, closing at 100.67. In the US, the Energy Information Administration reported that the commercial crude oil inventories increased by 2.90 million barrels to 373.80 million barrels … Continue reading →

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Crude Oil: Trading higher after yesterday’s sharp decline

Posted on June 2, 2011 by GCI Financial

Oil prices declined 3.06% against the USD for the 24 hour period ending 23:00GMT, closing at 99.87, after disappointing readings on US manufacturing and employment data and rise in the US crude oil supplies raised concerns over oil demand. Late … Continue reading →

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Silver: White metal a tad higher this morning

Posted on June 2, 2011 by GCI Financial

Silver prices declined 3.59% to USD 37.03 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.06 per ounce, 0.08% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal backpedals in Asian session after posting handsome gains yesterday

Posted on June 2, 2011 by GCI Financial

Gold prices traded higher by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1,541.28 per ounce, as weakened dollar along with disappointing US economic data spurred demand for precious metals. In the Asian session at 3:00GMT, … Continue reading →

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Crude Oil: Crude Oil rises on shut Canada-US pipeline, weak dollar, trading lower this morning

Posted on June 1, 2011 by GCI Financial

Oil prices advanced 2.72% against the USD for the 24 hour period ending 23:00GMT, closing at 103.02, lifted by the closure of a pipeline carrying Canadian oil to the United States and a decline in the dollar on new hopes … Continue reading →

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Silver: Silver trading lower this morning

Posted on June 1, 2011 by GCI Financial

Silver prices rose 0.42% to USD 38.41 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.12 per ounce, 0.76% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal loses the shine, as safe-haven appeal dries up

Posted on June 1, 2011 by GCI Financial

Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1,534.38 per ounce, as speculation that the European Union is close to a solution on the Greece debt problem reduced the demand for … Continue reading →

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Crude Oil: Trading higher this morning

Posted on May 31, 2011 by GCI Financial

Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 100.29, on speculation that fuel demand would falter amid a slowdown in the US economic recovery and Europe’s continuing debt crisis. Investors await the … Continue reading →

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Silver: Silver backpedals in Asian session

Posted on May 31, 2011 by GCI Financial

Silver prices rose 0.24% to USD 38.25 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.16 per ounce, 0.24% lower, from yesterday 23:00GMT. The first level of short term … Continue reading →

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Gold: Yellow metal buoyed by Greece debt fear, trading lower this morning

Posted on May 31, 2011 by GCI Financial

Gold prices traded higher by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1,538.20 per ounce, as concerns about the Greece debt crisis heightened appeal for safe-haven assets. In the Asian session at 3:00GMT, gold is … Continue reading →

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Crude Oil: Trading lower in Asian session

Posted on May 30, 2011 by GCI Financial

Oil prices advanced 0.45% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.74, as heightened concerns about developments in the Middle East and North Africa raised fears about supply restrictions and spurred prices above … Continue reading →

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