Silver: White metal showing convergence with its MA’s

Posted on July 17, 2014 by GCI Financial

Silver Movement Silver prices rose 0.12% to USD 20.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.85, 0.31% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on July 17, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1298.80 per ounce, reversing its losses from the previous session which was triggered by Fed Chief, Janet Yellen’s comments that the … Continue reading →

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Crude Oil: Oil trading higher ahead of the EIA data.

Posted on July 16, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.70% against the USD for the 24 hour period ending 23:00GMT, closing at 100.22, following an official report that Libya’s Sharara field had boosted its production to 554,000 barrels a day and after … Continue reading →

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Silver: White metal trading below its MA’s

Posted on July 16, 2014 by GCI Financial

Silver Movement Silver prices declined 0.95% to USD 20.76 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 20.8, 0.19% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal trading on a higher footing this morning

Posted on July 16, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.02% against the USD in the 24 hour period ending 23:00GMT, at 1295.20 per ounce, as Fed Chief, Janet Yellen in her testimony, indicated that increasing interest rates cannot be used as a … Continue reading →

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Crude Oil: Oil prices trading higher ahead of the API data

Posted on July 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 100.93, reversing its initial losses triggered after Libya restored its oil production. However, oil prices climbed, after news emerged that … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on July 15, 2014 by GCI Financial

Silver Movement Silver prices declined 2.58% to USD 20.96 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 20.95, tad lower from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal trading tad lower ahead of Fed’s Yellen’s testimony

Posted on July 15, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 2.31% against the USD in the 24 hour period ending 23:00GMT, at 1308.50 per ounce, thereby reporting its largest daily drop of 2014, following a rally in global equity markets and amid profit … Continue reading →

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Crude Oil: Oil estimates to decline in the remainder of 2014, IEA

Posted on July 14, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 2.09% against the USD for the period ending 21:00GMT, closing at 100.66, after oil supplies from Libya continued to rise, while supplies from Iraq too did not decline due to the … Continue reading →

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Silver: White metal trading lower this morning

Posted on July 14, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.19% to USD 21.51 per ounce during the period ending 21:00GMT. A leading bank reduced its outlook on silver prices for 2014 to $20.16 per ounce from $20.74. It kept its 2015 outlook … Continue reading →

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Gold: Yellow metal reversed its gains this morning

Posted on July 14, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded higher by 0.25% against the USD in the period ending 21:00GMT, at 1340.00 per ounce, after the safe haven appeal of the metal continued to rise as conflicts in Ukraine and the Middle … Continue reading →

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