Crude Oil: Oil price hits a record high following attack on Libyan oil fields, trading lower in Asian session

Posted on April 11, 2011 by GCI Financial

Oil prices advanced 2.53% against the USD, on Friday for the 24 hour period ending 23:00GMT, closing at 113.11, as investors worried about the Middle East protests and an oilfield fire in Libya. At GMT 0300, Oil is trading at … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on April 8, 2011 by GCI Financial

Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1457.88 per ounce, after the European Central Bank hiked interest rates for the first time since 2008. In the Asian session at 3:00GMT, … Continue reading →

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Silver: Silver trading above its MA’s

Posted on April 8, 2011 by GCI Financial

Silver prices rose 0.10% to USD 39.54 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened and amid news that an earthquake hit Japan’s devastated northeast coast on Thursday. In the Asian session at 3:00GMT, silver is … Continue reading →

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Crude Oil: Oil moves northwards on IMF warning

Posted on April 8, 2011 by GCI Financial

Oil prices advanced 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 110.26, after the International Monetary Fund warned that demand is outpacing the growth of global supplies. Additionally, concerns over supply interruptions from the Middle … Continue reading →

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Gold: Yellow metal advances on inflation concerns, trading lower in Asian session

Posted on April 7, 2011 by GCI Financial

Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1459.90 per ounce, as a combination of a weaker dollar, geopolitical unrest and concerns over inflation, raised the demand for the precious metal. … Continue reading →

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Silver: Trading lower this morning

Posted on April 7, 2011 by GCI Financial

Silver prices rose 0.95% to USD 39.500 per ounce during the 24 hours ending 23:00GMT, as the greenback weakened. In the Asian session at 3:00GMT, silver is trading at USD 39.38 per ounce, 0.30% lower, from 23:00GMT. The first level … Continue reading →

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Crude Oil: Oil hits new peak despite US inventories hike, trading lower in Asian session

Posted on April 7, 2011 by GCI Financial

Oil prices advanced 0.69% against the USD for the 24 hour period ending 23:00GMT, closing at 108.58, after the North Atlantic Treaty Organization (NATO) escalated its air campaign over Libya, raising concern that the conflict would spread to other energy-exporting … Continue reading →

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Gold: Gold hits record high in intraday New York session, trading marginally lower this morning

Posted on April 6, 2011 by GCI Financial

Gold prices traded higher by 1.31% against the USD in the 24 hour period ending 23:00GMT, at 1454.15 per ounce, as concerns over potential US government shutdown and a credit rating downgrade of Portugal, increased the demand of gold as … Continue reading →

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Silver: White metal continue to surge higher

Posted on April 6, 2011 by GCI Financial

Silver prices rose 1.08% to USD 39.13 per ounce during the 24 hours ending 23:00GMT, as investors sought out more stable assets while being more cautious over Europe’s debt crisis and unrest in the Middle East and North Africa. In … Continue reading →

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Crude Oil: Oil trading higher in Asian session, Investors monitor unrest, demonstrations in Middle East, North Africa

Posted on April 6, 2011 by GCI Financial

Oil prices weakened 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 107.84, pressured by an interest rate hike in China though concerns over Middle East and Libya and potential supply disruptions limited losses. The American … Continue reading →

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Gold: Yellow metal shines on inflation worry

Posted on April 5, 2011 by GCI Financial

Gold prices traded higher by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1435.38 per ounce, as concerns over inflation raised the investment demand for the precious metals. A weak dollar and expectation of a rate … Continue reading →

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