Gold: Yellow metal trading higher in the morning session

Posted on May 15, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.85% against the USD and closed at USD1738.20 per ounce, as concerns over global economic slowdown and renewed US-China trade tensions, increased demand for the precious yellow metal. In … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on May 14, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.38% against the USD and closed at USD25.69 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories decreased by 0.7 million barrels to … Continue reading →

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Silver: White metal trading on a weaker footing in the morning session

Posted on May 14, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.96% against the USD and closed at USD15.77 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.72, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on May 14, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.00% against the USD and closed at USD1722.80 per ounce, after the US Federal Reserve Chairman, Jerome Powell signalled to induce more stimulus measures, if required during the coronavirus … Continue reading →

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Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Posted on May 13, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.88% against the USD and closed at USD25.34 per barrel, amid optimism over production cuts and hopes that gradual easing of coronavirus-induced lockdown would revive demand for … Continue reading →

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Silver: White metal reverses its losses in the morning session

Posted on May 13, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.32% against the USD and closed at USD15.62 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.7150, with silver trading 0.61% higher against the … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on May 13, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.44% against the USD and closed at USD1706.70 per ounce, amid weakness in the US Dollar, growing fears of a second wave of the coronavirus infections in some countries … Continue reading →

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Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Posted on May 12, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.61% against the USD and closed at USD24.63 per barrel, after Saudi Arabia pledged to deepen production cuts in June. In the Asian session, at GMT0300, the … Continue reading →

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Silver: White metal trading a tad higher in the morning session

Posted on May 12, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.32% against the USD and closed at USD15.67 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.68, with silver … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on May 12, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.74% against the USD and closed at USD1699.40 per ounce, as the US dollar strengthened, on worries of a potential emergence of a second wave of the coronavirus infections. … Continue reading →

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Crude Oil: Oil trading on a weaker footing this morning

Posted on May 11, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.58% against the USD and closed at USD24.60 per barrel on Friday, amid optimism surrounding production cuts by US oil producers as well as the Organisation of … Continue reading →

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