Crude Oil: OPEC projects its crude oil demand for 2015 to decline

Posted on July 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 102.81, reversing its initial losses which were triggered by easing supply concerns from Libya. Yesterday, the OPEC, in its monthly … Continue reading →

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Silver: White metal trading higher this morning

Posted on July 11, 2014 by GCI Financial

Silver Movement Silver prices rose 1.44% to USD 21.47 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.5, 0.14% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal extends its gains on Euro-zone banking woes

Posted on July 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1336.60 per ounce, as the safe haven appeal of the yellow metal was in demand from investors following the failure of … Continue reading →

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Crude Oil: EIA reports less than expected fall in crude oil inventories

Posted on July 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.52% against the USD for the 24 hour period ending 23:00GMT, closing at 101.90, after increased supplies from Libya and as supply concerns receded after a leading broker indicated that the current crude … Continue reading →

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Silver: White metal trading higher this morning

Posted on July 10, 2014 by GCI Financial

Silver Movement Silver prices rose 0.40% to USD 21.16 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, Silver is trading at 21.24, 0.38% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal extends its gain in the Asian session

Posted on July 10, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.67% against the USD in the 24 hour period ending 23:00GMT, at 1328.30 per ounce, amid a broad decline in the US Dollar following the lack of clarity by the Fed’s minutes on … Continue reading →

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Crude Oil: Oil prices tad higher ahead of EIA stockpiles data

Posted on July 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.41, as geopolitical concerns in Iraq and Libya receded. However, oil prices rose for a brief period of time, after … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on July 9, 2014 by GCI Financial

Silver Movement Silver prices declined 0.28% to USD 21.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.04, 0.17% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal trading lower ahead of the FOMC meeting minutes

Posted on July 9, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1319.50 per ounce, amid a decline in global equity markets. Additionally, the demand for the yellow metal rose, following an initial … Continue reading →

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Crude Oil: Crude trading flat ahead of the API data

Posted on July 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.41, in the wake of an announcement by Libya’s Oil ministry that the nation had almost 7.5 million barrels ready … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on July 8, 2014 by GCI Financial

Silver Movement Silver prices declined 0.28% to USD 21.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.05, 0.14% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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