Crude Oil: Crude trading higher amid concerns on supply outlook

Posted on May 27, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.24. However, losses in crude oil prices were kept in check as fresh concerns on the supply outlook of the … Continue reading →

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Silver: White metal converging with its MA’s

Posted on May 27, 2014 by GCI Financial

Silver Movement Silver prices ended flat against the USD, closing at 19.44 per ounce, during the 24 hours ending 23:00GMT, in a subdued holiday trading session. In the Asian session, at GMT0300, Silver is trading at 19.40, 0.21% lower from … Continue reading →

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Gold: Yellow metal extends its gains on Ukraine tensions

Posted on May 27, 2014 by GCI Financial

Gold Movement Gold prices edged up marginally against the USD in the 24 hour period ending 23:00GMT, at 1292.20 per ounce, as traders digested the election victory of the pro-West Ukraine President, Petro Poroshenko amid tensions with Russia. In the … Continue reading →

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Crude Oil: Crude trading higher, following yesterday’s losses

Posted on May 23, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 103.69, on profit-booking. However, earlier during the day, oil prices rose amid lingering tensions on Libya’s supply-outlook and as data … Continue reading →

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Silver: White metal reverses its upward direction in the Asian trading hours

Posted on May 23, 2014 by GCI Financial

Silver Movement Silver prices rose 0.36% to USD 19.49 per ounce during the 24 hours ending 23:00GMT, as a downbeat US jobless claims data and escalating violence in Ukraine and Thailand spurred demand for safe-haven assets. In the Asian session, … Continue reading →

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Gold: Gold extends its gains in the morning session

Posted on May 23, 2014 by GCI Financial

Gold Movement Gold prices rose marginally against the USD in the 24 hour period ending 23:00GMT, at 1293.60 per ounce, amid lingering speculation that easing of gold-imports norms by the RBI would spur additional demand for gold in India, the … Continue reading →

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Gold: Precious metal extends its downward direction in the morning session

Posted on May 22, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1292.90 per ounce, as rally in the world equity markets weighed on the demand prospect of the metal as an alternate … Continue reading →

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Crude Oil: EIA reported a more-than-expected fall in the US crude oil, last week

Posted on May 22, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.90% against the USD for the 24 hour period ending 23:00GMT, closing at 103.81, after the Energy Information Administration (EIA) reported 7.2-million-barrels drop the US crude supplies, last week. Analysts had expected a … Continue reading →

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Silver: Silver steady in the Asian session

Posted on May 22, 2014 by GCI Financial

Silver Movement Silver prices declined marginally to USD 19.42 per ounce during the 24 hours ending 23:00GMT, amid soft industrial demand and a decline in the prices of gold. In the Asian session, at GMT0300, Silver is trading at 19.42, … Continue reading →

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Crude Oil: US crude inventories fell by 10.3 million barrels last week, indicates API

Posted on May 21, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 102.88, after the American Petroleum Institute (API) reported that the US crude supplies dropped by 10.3 million barrels for the … Continue reading →

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Silver: White metal trading above its MA’s

Posted on May 21, 2014 by GCI Financial

Silver Movement Silver prices rose 0.31% to USD 19.42 per ounce during the 24 hours ending 23:00GMT, taking cues from gains in the prices of yellow metal. In the Asian session, at GMT0300, Silver is trading at 19.48, 0.31% higher … Continue reading →

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