Gold: Yellow metal trading lower amid a rally in Asian equity markets

Posted on June 23, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.39% against the USD in the period ending 21:00GMT, at 1315.00 per ounce, amid profit-taking. However, continued unrest in Iraq kept the commodity’s losses in check. In the Asian session, at … Continue reading →

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Crude Oil: Crude trading marginally lower in the Asian session

Posted on June 20, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 106.63, as concerns on the supply-outlook of the commodity from Iraq, the second largest producer of oil in the OPEC, … Continue reading →

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Silver: White metal trading lower this morning, following yesterday’s rally

Posted on June 20, 2014 by GCI Financial

Silver Movement Silver prices jumped 4.52% to USD 20.82 per ounce during the 24 hours ending 23:00GMT, as the traders digested Wednesday’s decision of Fed to slash its 2014 growth-outlook on the US economy and to delay its process of … Continue reading →

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Gold: Gold trading above $1,300-per-ounce level amid lingering geo-political tensions in Iraq

Posted on June 20, 2014 by GCI Financial

Gold Movement Gold prices rallied 3.27% against the USD in the 24 hour period ending 23:00GMT, at 1320.10 per ounce, as traders continued to fret over lingering geo-political turmoil in Iraq and over the US economic growth-outlook. Yesterday, the US … Continue reading →

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Crude Oil: Crude pares its losses in the Asian session

Posted on June 19, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 106.26. However, earlier during the day, oil prices rose after the Energy Information Administration (EIA) reported 579,000 barrels drop in … Continue reading →

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Silver: White metal trading lower, following yesterday’s rally

Posted on June 19, 2014 by GCI Financial

Silver Movement Silver prices rose 1.01% to USD 19.92 per ounce during the 24 hours ending 23:00GMT, as Fed’s provided a tepid economic outlook for the US, which fuelled the demand for safe-haven assets. In the Asian session, at GMT0300, … Continue reading →

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Gold: Yellow metal snaps gains in the Asian trading hours

Posted on June 19, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1278.30 per ounce, as traders favoured the safe-haven metal after the Fed slashed its growth-forecast on the US economy for 2014 … Continue reading →

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Crude Oil: API reported a more than expected drop in the US weekly crude inventories

Posted on June 18, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 106.54, amid a broad gain in the US Dollar. Additionally, concerns on the supply-outlook of oil from Iraq eased after … Continue reading →

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Silver: White metal pares its yesterday’s gains in the Asian session

Posted on June 18, 2014 by GCI Financial

Silver Movement Silver prices rose 0.18% to USD 19.72 per ounce during the 24 hours ending 23:00GMT, as lingering tensions in Iraq and geo-political uncertainty in Ukraine, supported the prices of the white metal. In the Asian session, at GMT0300, … Continue reading →

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Gold: Yellow metal trading marginally lower ahead of the outcome of the Fed’s policy meeting

Posted on June 18, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1270.60 per ounce, as a strong US consumer inflation data spurred gains in the US Dollar, weighing on the demand-outlook of … Continue reading →

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Crude Oil: Crude trading lower amid easing concerns on supply-outlook

Posted on June 17, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 106.70, as traders booked profits amid bets that the recent gains in oil prices were overdone. Additionally, concerns over the … Continue reading →

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