Crude Oil: Trading higher this morning

Posted on May 24, 2011 by GCI Financial

Oil prices declined 2.66% against the USD for the 24 hour period ending 23:00GMT, closing at 96.95, as Europe’s sovereign-debt problems resurfaced thus fueling investors concerns about the global economic recovery. At GMT 0300, Oil is trading at USD 98.30 … Continue reading →

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Silver: Silver trading higher this morning

Posted on May 24, 2011 by GCI Financial

Silver prices declined 0.71% to USD 35.01 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.24 per ounce, 0.66% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal continues to cement gains

Posted on May 24, 2011 by GCI Financial

Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1,515.08 per ounce, as concerns over European debt problems renewed, thus encouraging investors to look for safe-haven assets for investment. In the Asian … Continue reading →

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Crude Oil: Oil drops this morning on demand concerns

Posted on May 23, 2011 by GCI Financial

Oil prices advanced 1.14% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.91, inching close to $100, as lower prices encouraged buyers back to the market. At GMT 0300, Oil is trading at USD … Continue reading →

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Silver: Silver shines in Asian session

Posted on May 23, 2011 by GCI Financial

Silver prices declined 0.34% to USD 35.02 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.07 per ounce, 0.14% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Yellow metal trading lower this morning

Posted on May 23, 2011 by GCI Financial

Gold prices traded higher by 1.05% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,511.20 per ounce, as debt fears in the Euro zone resurfaced ahead of Spanish elections and after Fitch downgraded Greece’s rating. … Continue reading →

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Silver: White metal trading lower this morning

Posted on May 20, 2011 by GCI Financial

Silver prices declined 0.20% to USD 35.14 per ounce during the 24 hours ending 23:00GMT, amid poor US macroeconomic data hurting prospects for silver’s industrial demand. In the Asian session at 3:00GMT, silver is trading at USD 35.11 per ounce, … Continue reading →

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Gold: Yellow metal trading in red this morning

Posted on May 20, 2011 by GCI Financial

Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1,495.54 per ounce. Prices of the yellow metal remained under pressure, on speculation that slowing inflation would curb demand for the metal as a hedge … Continue reading →

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Crude Oil: Oil climbs above $100

Posted on May 19, 2011 by GCI Financial

Oil prices advanced 1.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, on EIA report of US oil inventories data. In the US, the Energy Information Administration reported that commercial crude oil inventories supplies fell … Continue reading →

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Silver: White metal zooms ahead

Posted on May 19, 2011 by GCI Financial

Silver prices rose 3.10% to USD 35.21 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.57 per ounce, 1.02% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold advances on inflation fears

Posted on May 19, 2011 by GCI Financial

Gold prices traded higher by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1,495.90 per ounce, as investors bought precious metals after a recent selloff and as higher prices for other commodities highlighted lingering fears of … Continue reading →

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