Crude Oil: Oil trading lower, ahead of the EIA’s weekly crude oil inventory data

Posted on July 7, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 2.33% against the USD for the 24-hour period ending 23:00GMT, closing at 47.84, after two consecutive days of decline, amid a sharp drop in US crude stockpiles. Yesterday, the American Petroleum Institute (API) … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on July 7, 2016 by GCI Financial

Silver Movement Silver prices rose 0.75% to USD 20.23 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 20.24, with the silver trading 0.07% higher … Continue reading →

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Gold: Yellow metal trading on a stronger footing in the Asian session

Posted on July 7, 2016 by GCI Financial

Gold Movement Gold prices traded 0.20% higher against the USD in the 24-hour period ending 23:00GMT, at USD1364.90 per ounce, after minutes from the US Federal Reserve’s June board meeting showed that the central bank would refrain from raising interest … Continue reading →

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Crude Oil: Oil trading lower this morning

Posted on July 6, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 3.93% against the USD for the 24-hour period ending 23:00GMT, closing at 46.75, amid renewed concerns that the Brexit decision would hurt the fragile global economy, thus making it unlikely that demand will … Continue reading →

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Silver: White metal trading on a stronger footing in the Asian session

Posted on July 6, 2016 by GCI Financial

Silver Movement Silver prices declined 2.14% to USD 20.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, the pair is trading at 20.34, with the silver trading 1.32% higher from yesterday’s close, reversing its … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on July 6, 2016 by GCI Financial

Gold Movement Gold prices traded 0.48% higher against the USD in the 24-hour period ending 23:00GMT, at USD1358.70 per ounce, reversing its previous session losses, as the ongoing uncertainty following Britain’s vote to leave the European Union renewed investors’ appetite … Continue reading →

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

Posted on July 5, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.63% against the USD for the 24-hour period ending 23:00GMT, closing at 48.66, reversing its previous session gains. Separately, Saudi Arabia’s Energy Minister, Khaled Al-Faleh, indicated that the global oil market is heading … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on July 5, 2016 by GCI Financial

Silver Movement Silver prices declined 0.92% to USD 20.52 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 19.96, with the silver trading 2.71% lower … Continue reading →

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Gold: Yellow metal trading on a weaker footing in the Asian session

Posted on July 5, 2016 by GCI Financial

Gold Movement Gold prices traded 0.21% lower against the USD in the 24-hour period ending 23:00GMT, at USD1351.40 per ounce, after three consecutive sessions of gains. In the Asian session, at GMT0300, the pair is trading at 1346.00, with the … Continue reading →

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Crude Oil: Oil reverses its gains in the morning session

Posted on July 4, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.55% against the USD for the 24-hour period ending 23:00GMT, closing at 49.20. However, gains in oil prices were capped after data showed that China’s manufacturing sector activity stalled in June, thus raising … Continue reading →

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Silver: White metal trading on a stronger footing in the Asian session

Posted on July 4, 2016 by GCI Financial

Silver Movement Silver prices rose 5.01% to USD 19.80 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 20.22, with the silver trading 2.15% higher … Continue reading →

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