Silver: Trading higher this morning

Posted on May 9, 2011 by GCI Financial

Silver prices rose 2.74% to USD 35.59 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.12 per ounce, 1.49% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude Oil: Zooms higher in Asian session

Posted on May 9, 2011 by GCI Financial

Oil prices declined 1.84% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.06. At GMT 0300, Oil is trading at USD 98.80 per barrel in the Asian session, 0.75% higher from 23:00GMT. The pair … Continue reading →

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Gold: Yellow metal regains its shine in Asian session

Posted on May 6, 2011 by GCI Financial

Gold prices traded lower by 3.02% against the USD in the 24 hour period ending 23:00GMT, at 1472.18 per ounce, amid stronger dollar.. In the Asian session at 3:00GMT, gold is trading at USD1488.83 per ounce, 1.13% higher from 23:00GMT. … Continue reading →

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Silver: Silver Slumps on dollar rally, margin hikes and amid heavy sell-offs, trading higher in Asian session

Posted on May 6, 2011 by GCI Financial

Silver prices declined 11.72% to USD34.64 per ounce during the 24 hours ending 23:00GMT, after the CME Group, owner of Comex and Nymex, late Wednesday, announced fourth and fifth increase in margin requirements since 26 April 2011. In the Asian … Continue reading →

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Crude Oil: Oil limits its losses in Asian session

Posted on May 6, 2011 by GCI Financial

Oil prices declined 8.05% against the USD for the 24 hour period ending 23:00GMT, closing at 99.89, amid fears of lower-than-expected global economic growth and amid a stronger dollar. At GMT 0300, Oil is trading at USD100.58 per barrel in … Continue reading →

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Gold: Yellow metal extended losses

Posted on May 5, 2011 by GCI Financial

Gold prices traded lower by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1,517.95 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,517.13 per ounce, 0.05% lower from 23:00GMT. The pair … Continue reading →

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Silver: Tracking overnight losses in New York session

Posted on May 5, 2011 by GCI Financial

Silver prices declined 4.60% to USD 39.24 per ounce during the 24 hours ending 23:00GMT, as speculators continued to leave long positions following hike in trading requirements by CME Group, the Comex operator, early this week. In the Asian session … Continue reading →

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Crude Oil: Oil slides as US crude reserves jump

Posted on May 5, 2011 by GCI Financial

Oil prices declined 1.81% against the USD for the 24 hour period ending 23:00GMT, closing at 108.63. In the US, the Energy Information Administration, reported that the crude oil inventories increased by 3.40 million barrels to 366.50 million barrels last … Continue reading →

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Gold: Continues to trade lower

Posted on May 4, 2011 by GCI Financial

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,535.95 per ounce, amid a sharp fall in silver prices. In the Asian session at 3:00GMT, gold is trading at USD 1,532.08 per … Continue reading →

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Silver: Stabilising this morning after a sharp fall

Posted on May 4, 2011 by GCI Financial

Silver prices declined 7.61% to USD 41.13 per ounce during the 24 hours ending 23:00GMT, after the US metals exchange raised margins for the third time in a week. In the Asian session at 3:00GMT, silver is trading at USD … Continue reading →

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Crude Oil: Trading lower after a rise in oil inventories

Posted on May 4, 2011 by GCI Financial

Oil prices declined 2.11% against the USD for the 24 hour period ending 23:00GMT, closing at 110.63, on rise in crude oil inventories and investor’s focus on plunge in silver prices. In the US, the American Petroleum Institute reported that … Continue reading →

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