Gold: Yellow metal continues to shine on the back of ECB’s policy decision

Posted on June 6, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1253.40 per ounce, as the ECB slashed its deposit rate to a negative 0.10% and unveiled new stimulus measures to encourage … Continue reading →

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Crude Oil: EIA reported 3.4 million barrels fall in the US weekly crude inventories

Posted on June 5, 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 102.26, amid mounting speculation that Ukrainian President, Petro Poroshenko’s peace-plan with Russia would ease supply-concerns of the commodity from the … Continue reading →

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Silver: Silver pares its yesterday’s losses in the Asian session

Posted on June 5, 2014 by GCI Financial

Silver Movement Silver prices marginally declined to USD 18.79 per ounce during the 24 hours ending 23:00GMT, taking cues from a decline in gold prices. In the Asian session, at GMT0300, Silver is trading at 18.79, marginally higher from yesterday’s … Continue reading →

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Gold: Gold trading marginally lower with focus on ECB’s policy decision

Posted on June 5, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1244.00 per ounce, hurt by a stronger US Dollar. However, reports showed that holding in the SPDR Gold Trust, the world’s … Continue reading →

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

Posted on June 4, 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 102.94, as a strong US factory order report and a more-than-expected fall in the American Petroleum Institute’s (API) weekly US … Continue reading →

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Silver: Silver pares its gains in the Asian session

Posted on June 4, 2014 by GCI Financial

Silver Movement Silver prices rose 0.16% to USD 18.80 per ounce during the 24 hours ending 23:00GMT, benefitting from a weakness in the US Dollar. In the Asian session, at GMT0300, Silver is trading at 18.79, slightly lower from yesterday’s … Continue reading →

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Gold: Yellow metal steady in the morning trading hours

Posted on June 4, 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 1245.50 per ounce, as traders favoured the safe-haven metal amid a weakness in the US equity markets and the US Dollar. … Continue reading →

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Crude Oil: Crude continues to trade lower in the Asian trading hours

Posted on June 3, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, amid broad gains in the US Dollar. Meanwhile, Iraq’s oil exports rose 8.0% in May and it inaugurated a … Continue reading →

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Silver: White metal trading higher, following yesterday’s flat ending

Posted on June 3, 2014 by GCI Financial

Silver Movement Silver prices traded flat to USD 18.77 per ounce during the 24 hours ending 23:00GMT, paring its initial losses but yet remaining below the $19/oz level. In the Asian session, at GMT0300, Silver is trading at 18.84, 0.40% … Continue reading →

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Gold: Yellow metal snaps its losses in the Asian session

Posted on June 3, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1242.00 per ounce, as a rally in the US equity markets dampened the demand-prospects of the safe-haven metal as an alternate … Continue reading →

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Crude Oil: Crude snaps losses on the back of strong Chinese manufacturing PMI data

Posted on June 2, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 0.56% against the USD for the period ending 21:00GMT, closing at 102.92, as concerns on the supply-outlook of the commodity from the Russia-Ukraine region eased after Russia withdrew a majority of … Continue reading →

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