Crude Oil: Trading flat after yesterdays surge

Posted on May 18, 2011 by GCI Financial

Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 97.88, over weakened US dollar which encouraged buying in dollar-priced commodities The American Petroleum Institute reported that the inventories of crude oil rose 2.7 … Continue reading →

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Silver: Silver prices continue to rise in Asian session

Posted on May 18, 2011 by GCI Financial

Silver prices rose 1.37% to USD 34.15 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.23 per ounce, 0.23% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Regaining some losses this morning

Posted on May 18, 2011 by GCI Financial

Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1,487.28 per ounce, pressured by a stronger dollar and a general sell-off in commodities. In the Asian session at 3:00GMT, gold is trading … Continue reading →

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Crude Oil: Trading higher in Asian session

Posted on May 17, 2011 by GCI Financial

Oil prices declined 1.87% against the USD for the 24 hour period ending 23:00GMT, closing at 96.93, as efforts to control flooding in Louisiana curbed the speculation that the Mississippi River would flood refineries and disrupt fuel supplies . At … Continue reading →

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Silver: White metal coughs up gains, trading higher this morning

Posted on May 17, 2011 by GCI Financial

Silver prices declined 4.18% to USD 33.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 33.92 per ounce, 0.68% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal shines in Asian session

Posted on May 17, 2011 by GCI Financial

Gold prices traded lower by 0.03% against the USD in the 24 hour period ending 23:00GMT, at 1,489.43 per ounce, as the US dollar weakness and the US debt limit vied for investors’ attention. In the Asian session at 3:00GMT, … Continue reading →

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Crude Oil: Crude declines in Asian session

Posted on May 16, 2011 by GCI Financial

Oil prices advanced 0.60% against the USD, on Friday, for the 24 hour period ending 23:00GMT. At GMT 0300, Oil is trading at USD 98.78 per barrel in the Asian session, 0.57% lower from 23:00GMT, after the arrest of the … Continue reading →

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Silver: Silver trading lower this morning

Posted on May 16, 2011 by GCI Financial

Silver prices rose 0.69% to USD 35.16 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.12 per ounce, 0.73% lower, from 23:00GMT. The first level of short … Continue reading →

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Gold: Rising dollar erodes demand for precious metals

Posted on May 16, 2011 by GCI Financial

Gold prices traded lower by 0.74% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,494.10 per ounce, amid profit taking. In the Asian session at 3:00GMT, gold is trading at USD 1,491.35 per ounce, 0.18% … Continue reading →

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Crude Oil: Trading flat this morning

Posted on May 13, 2011 by GCI Financial

Oil prices declined 0.19% against the USD for the 24 hour period ending 23:00GMT, closing at 98.76, as the International Energy Agency trimmed demand for oil. The International Energy Agency on Thursday cut its forecast for crude oil demand for … Continue reading →

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Silver: Pair trading between its MA’s

Posted on May 13, 2011 by GCI Financial

Silver prices declined 1.22% to USD 34.92 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.85 per ounce, 0.20% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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