Crude Oil: Oil trading lower in the Asian session

Posted on May 7, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 60.43. Losses in oil prices were trimmed after the Energy Information Administration reported that the US crude oil stocks unexpectedly … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on May 7, 2015 by GCI Financial

Silver Movement Silver prices declined 0.21% to USD 16.55 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, the pair is trading at 16.43, with the silver trading 0.73% lower from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on May 7, 2015 by GCI Financial

Gold Movement Gold prices traded lower by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1192.00 per ounce, as the Fed Chairperson, Janet Yellen downplayed concerns over a slowdown in the US economy, thus hitting demand … Continue reading →

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

Posted on May 6, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 3.07% against the USD for the 24 hour period ending 23:00GMT, closing at 60.77, amid a disruption in Libyan crude oil exports. Oil prices were also supported, after Saudi Arabia raised its official … Continue reading →

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Silver: White metal trading lower this morning

Posted on May 6, 2015 by GCI Financial

Silver Movement Silver prices rose 0.88% to USD 16.59 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 16.54, with the silver trading 0.27% lower … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on May 6, 2015 by GCI Financial

Gold Movement Gold prices traded higher by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1193.40 per ounce, amid a broad slump in the global equity markets, thus enhancing the demand for the safe-haven yellow metal. … Continue reading →

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Crude Oil: Oil trading below its MA’s

Posted on May 5, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 58.96, after manufacturing activity in China further slipped in to contraction in April, thus hitting the demand outlook of the … Continue reading →

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Silver: White metal trading flat this morning

Posted on May 5, 2015 by GCI Financial

Silver Movement Silver prices rose 1.67% to USD 16.44 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 16.44, with the silver trading flat from … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on May 5, 2015 by GCI Financial

Gold Movement Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1187.80 per ounce, despite the greenback strengthening against some major currencies. Separately, gold holdings in the SPDR Gold Trust, edged up … Continue reading →

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Crude Oil: Oil trading marginally higher in the Asian session

Posted on May 1, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.91% against the USD for the 24 hour period ending 23:00GMT, closing at 59.69, after the US weekly jobless claims for unemployment benefits dropped more than expected, thus raising the demand outlook of … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on May 1, 2015 by GCI Financial

Silver Movement Silver prices declined 2.72% to USD 16.12 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 16.16, with the silver trading 0.28% higher … Continue reading →

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