Gold: Gold gives up yesterday’s gains this morning; Trades below 1430

Posted on March 10, 2011 by GCI Financial

Gold prices traded higher by 0.15% against the USD in the 24 hour period ending 23:00GMT, at 1,431.50 per ounce, as violence in North Africa and the Middle East stokes demand for the yellow metal, and as worries over euro … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Declines as OPEC discusses increasing output

Posted on March 9, 2011 by GCI Financial

Oil prices declined 0.03% against the USD for the 24 hour period ending 23:00GMT, closing at 104.72, after Kuwait’s oil minister stated that OPEC is considering increase in production to help replace war-torn member Libya’s lost supplies. The American Petroleum … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver succumbs to profit-booking in Asian session

Posted on March 9, 2011 by GCI Financial

Silver prices rose 0.45% to USD 36.03 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.94 per ounce, 0.25% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal loses the shine, as safe-haven demand wanes

Posted on March 9, 2011 by GCI Financial

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,429.37 per ounce, on rumors that Libyan leader, Muammar Qadaffi, is attempting to negotiate for his safe exit from the country after he … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Investors await the API oil inventory reports

Posted on March 8, 2011 by GCI Financial

Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 104.75, as fight in Libya continued thus keeping investors worried about the possibility of spreading of unrest to other key oil-producing countries in the … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Maintaining its elevated level this morning

Posted on March 8, 2011 by GCI Financial

Silver prices rose 0.67% to USD 35.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.87 per ounce, flat, from 23:00GMT. The first level of short term resistance on … Continue reading →

Posted in Silver | Leave a comment

Gold: Trading steady this morning

Posted on March 8, 2011 by GCI Financial

Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1,431.23 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,431.40 per ounce, 0.01% higher from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Surges on Middle East unrest

Posted on March 7, 2011 by GCI Financial

Oil prices advanced 3.10% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 104.87. Oil futures surged as fighting in Libya continued to add to concerns that unrest could spread to other, nearby oil-producing states. … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Continues to zoom higher, this morning

Posted on March 7, 2011 by GCI Financial

Silver prices rose 3.80% to USD 35.54 per ounce on Friday during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 36.20 per ounce, 1.86% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Gold: Continues to shine

Posted on March 7, 2011 by GCI Financial

Gold prices traded higher by 0.96% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,429.08 per ounce as investors continued to prefer it amid growing worries over the turmoil in the Middle East and North … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Recoups from yesterday’s fall

Posted on March 4, 2011 by GCI Financial

Oil prices declined 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 101.72, on the news that attempts to mediate a peace agreement in Libya were in progress. At GMT 0400, Oil is trading at USD … Continue reading →

Posted in Crude Oil | Leave a comment