Crude Oil: Oil trading below its MA’s

Posted on December 12, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 3.31% against the USD for the 24 hour period ending 23:00GMT, closing at 59.25, amid rising speculations that the OPEC’s biggest members would fight for its market share against the US Shale producers. … Continue reading →

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Silver: White metal reverses its gains in the Asian session

Posted on December 12, 2014 by GCI Financial

Silver Movement Silver prices rose 0.32% to USD 17.14 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, the pair is trading at 17.12, with the silver trading 0.09% lower from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on December 12, 2014 by GCI Financial

Gold Movement Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1227.70 per ounce. However, during the day, gold prices remained under pressure on the back of better than expected initial unemployment benefit report … Continue reading →

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Crude Oil: Oil trading higher this morning

Posted on December 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 3.24% against the USD for the 24 hour period ending 23:00GMT, closing at 61.28, after the OPEC cut its forecast for global crude oil demand in 2015 by about 300,000 barrels a day, … Continue reading →

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Silver: White metal reverses its losses in the Asian session

Posted on December 11, 2014 by GCI Financial

Silver Movement Silver prices declined 0.23% to USD 17.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, the pair is trading at 17.17, with the silver trading 0.53% higher from yesterday’s close. The pair … Continue reading →

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Gold: Yellow metal trading on a stronger footing this morning

Posted on December 11, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1227.70 per ounce, reversing its previous session gains. Yesterday, the SPDR Gold Trust reported the first consecutive day increase in its … Continue reading →

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

Posted on December 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 63.33, rebounding from its previous session losses. Yesterday, the American Petroleum Institute (API) revealed that the US crude stockpiles unexpectedly … Continue reading →

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Silver: White metal trading on weaker footing in the Asian session

Posted on December 10, 2014 by GCI Financial

Silver Movement Silver prices rose 4.52% to USD 17.12 per ounce during the 24 hours ending 23:00GMT, tracking heavy gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.09, with the silver trading 0.15% … Continue reading →

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Gold: Yellow metal trading lower this morning

Posted on December 10, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 2.28% against the USD in the 24 hour period ending 23:00GMT, at 1231.20 per ounce, following a slump in the global equity markets, thus enhancing the demand of the safe-haven yellow metal. In … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on December 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.96% against the USD for the 24 hour period ending 23:00GMT, closing at 62.92, after Iraq also followed Saudi Arabia in offering crude oil discounts to its customers in Asia, adding to signs … Continue reading →

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Silver: White metal reverses its gains this morning

Posted on December 9, 2014 by GCI Financial

Silver Movement Silver prices rose 1.30% to USD 16.38 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.345, with the silver trading 0.21% lower … Continue reading →

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