Oil continues to surge on Middle East unrest

Posted on February 28, 2011 by GCI Financial

Oil prices advanced 1.49% against the USD for the 24 hour period on Friday, ending 23:00GMT, closing at 98.24. Oil advanced as the worsening situation in the Middle East stirred renewed concern about disruptions to oil production. At GMT 0400, … Continue reading →

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Zooms higher this morning

Posted on February 28, 2011 by GCI Financial

Silver prices rose 1.25% to USD 33.16 per ounce during the 24 hours on Friday, ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.54 per ounce, 1.15% higher, from 23:00GMT. The first level of short … Continue reading →

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Continues to shine; holding above 1400 levels

Posted on February 28, 2011 by GCI Financial

Gold prices traded higher by 0.47% against the USD in the 24 hour period on Friday, ending 23:00GMT, at 1409.16 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1413.86 per ounce, 0.33% higher from 23:00GMT. … Continue reading →

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Rebounds from yesterday’s sharp decline

Posted on February 25, 2011 by GCI Financial

Oil prices declined 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 96.80. The EIA crude oil report showed that crude oil inventories increased by 0.8 million barrels to reach 346.7 million barrels from the previous … Continue reading →

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Sharp losses continue this morning

Posted on February 25, 2011 by GCI Financial

Silver prices declined 2.44% to USD 32.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 32.17 per ounce, 1.77% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Recoups some of yesterday’s losses this morning

Posted on February 25, 2011 by GCI Financial

Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1,402.60 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1404.71 per ounce, 0.15% higher from 23:00GMT. The pair … Continue reading →

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Continues to surge, though lower this morning

Posted on February 24, 2011 by GCI Financial

Oil prices advanced 3.62% against the USD for the 24 hour period ending 23:00GMT, closing at 99.26. American Petroleum Institute, reported that crude-oil inventories rose by 163,000 barrels in the week to February 18. Additionally, gasoline supplies declined by 1.6 … Continue reading →

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Marginally lower this morning, after recent rise

Posted on February 24, 2011 by GCI Financial

Silver prices rose 1.36% to USD 33.57 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.49 per ounce, 0.24% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Cooling off this morning

Posted on February 24, 2011 by GCI Financial

Gold prices traded higher by 0.96% against the USD in the 24 hour period ending 23:00GMT, at 1,412.29 per ounce. Gold futures hiked in NY session, buoyed up by safe- haven demands amid violence and protests in the Middle East. … Continue reading →

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Trading flat after yesterdays surge

Posted on February 23, 2011 by GCI Financial

Oil prices advanced 4.76% against the USD for the 24 hour period ending 23:00GMT, closing at 95.79. At GMT 0400, Oil is trading at USD 95.76 per barrel in the Asian session, 0.03% lower from 23:00GMT. The pair has its … Continue reading →

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Cooling off

Posted on February 23, 2011 by GCI Financial

Silver prices declined 2.24% to USD 33.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.03 per ounce, 0.27% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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