Continues its range bound movement

Posted on February 11, 2011 by GCI Financial

Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at USD 1,363.52 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1364.03 per ounce, marginally higher from 23:00GMT close. The pair … Continue reading →

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Trading lower this morning

Posted on February 11, 2011 by GCI Financial

Silver prices rose 0.07% to USD 30.20 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.12 per ounce, 0.28%% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Egypt unrest keeps investors on their toes

Posted on February 11, 2011 by GCI Financial

Oil prices advanced 0.77% against the USD for the 24 hour period ending 23:00GMT, closing at USD 87.59, after Egypt’s President, Hosni Mubarak stated that he would transfer the power to his Vice President, but would not step down. The … Continue reading →

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Trading steady

Posted on February 10, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at USD1,363.58 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,362.31 per ounce, 0.09% lower from 23:00GMT. The pair … Continue reading →

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Prices take a breather

Posted on February 10, 2011 by GCI Financial

Silver prices declined 0.17% to USD 30.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.15 per ounce, 0.08% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Slips after bearish stockpiles data

Posted on February 10, 2011 by GCI Financial

Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 86.92. The US Energy Information Administration reported a 1.9 million barrel jump in crude inventories for the week ended on February 4th, compared to … Continue reading →

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Gaining momentum

Posted on February 9, 2011 by GCI Financial

Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1,362.65 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,362.89 per ounce, 0.04% higher from 23:00GMT. The pair … Continue reading →

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Correcting after the sharp upmove

Posted on February 9, 2011 by GCI Financial

Silver prices rose 2.86% to USD 30.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.13 per ounce, 0.33% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Advances despite China’s move towards cooling inflation

Posted on February 9, 2011 by GCI Financial

Oil prices advanced 0.02% against the USD for the 24 hour period ending 23:00GMT, closing at 87.42. Initially, oil traded low on concerns that China’s interest-rate increase would curb the country’s demand for oil. Late Tuesday, the American Petroleum Institute … Continue reading →

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Continues trading above short term moving averages

Posted on February 8, 2011 by GCI Financial

Silver prices rose 1.14% to USD 29.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 29.38 per ounce, 0.03% lower, from 23:00GMT. The pair continues to trade marginally above … Continue reading →

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Pressured by abating worries over Egypt

Posted on February 8, 2011 by GCI Financial

Oil prices declined 2.22% against the USD for the 24 hour period ending 23:00GMT, closing at 87.40, amid easing of tensions in Egypt. At GMT 0400, Oil is trading at USD 87.29 per barrel in the Asian session, 0.13% lower … Continue reading →

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