Crude Oil: Oil trading above its MA’s

Posted on January 15, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 5.47% against the USD for the 24 hour period ending 23:00GMT, closing at 48.57, registering its biggest one-day gain since June 2012. Yesterday, the Energy Information Administration (EIA) showed that the US crude … Continue reading →

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Silver: White metal extends its losses this morning

Posted on January 15, 2015 by GCI Financial

Silver Movement Silver prices declined 1.26% to USD 16.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, the pair is trading at 16.81, with the silver trading 0.33% lower from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on January 15, 2015 by GCI Financial

Gold Movement Gold prices traded lower by 0.19% against the USD in the 24 hour period ending 23:00GMT, at 1229.80 per ounce, extending its previous session losses. Losses were trimmed after the US retail sales fell more than anticipated in … Continue reading →

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Crude Oil: Oil trading lower ahead of the release of the EIA’s crude oil data

Posted on January 14, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at $46.05 a barrel. Yesterday, the UAE Energy Minister Suhail Al Mazrouei, stated that US Shale producers would be the first … Continue reading →

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Silver: White metal reverses its gains this morning

Posted on January 14, 2015 by GCI Financial

Silver Movement Silver prices rose 3.01% to USD 17.09 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, the pair is trading at 16.84, with the silver trading 1.43% lower from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on January 14, 2015 by GCI Financial

Gold Movement Gold prices traded lower 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1232.10 per ounce, reversing its earlier session gains. Yesterday, gold holdings in the SPDR Gold Trust remained unchanged for the second-consecutive day … Continue reading →

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Crude Oil: Oil trading lower ahead of the weekly crude oil data from the API

Posted on January 13, 2015 by GCI Financial

Crude Oil Movement Crude Oil prices declined 4.55% against the USD in the 24 hour period ending 23:00GMT, closing at 45.76, almost a 6-year low on continued worries of oversupply. Additionally, the UAE’s Energy Minister, Al Mazrouei indicated that the … Continue reading →

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Silver: White metal extends its gains this morning

Posted on January 13, 2015 by GCI Financial

Silver Movement Silver prices rose 0.12% to USD 16.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, the pair is trading at 16.78, with the silver trading 1.21% higher from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on January 13, 2015 by GCI Financial

Gold Movement Gold prices traded 0.72% higher against the USD in the 24 hour period ending 23:00GMT, at 1233.00 per ounce, extending its previous session gains, as oil prices continued to fall. Yesterday, the SPDR Gold Trust reported that its … Continue reading →

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Crude Oil: Leading broker slashes its oil’s price forecasts

Posted on January 12, 2015 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.27% against the USD for the period ending 21:00GMT, closing at 48.31, as global supply glut continued to weigh on the commodity’s prices. Meanwhile, a leading broker projected oil prices to … Continue reading →

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Silver: White metal extends its gains this morning

Posted on January 12, 2015 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.55% to USD 16.44 per ounce during the period ending 21:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.56, with the silver trading 0.76% … Continue reading →

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