Silver: Physical demand for silver rose 13.0% to a record high level in 2013, shows a survey report

Posted on May 15, 2014 by GCI Financial

Silver Movement Silver prices rose 1.18% to USD 19.79 per ounce during the 24 hours ending 23:00GMT, after an industry report showed that physical silver demand rose 13.0% to reach a record-high level of 1,081.1 million ounces in 2013. In … Continue reading →

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Gold: Precious metal reverses its direction in the Asian session

Posted on May 15, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1305.40 per ounce, as a decline in the US equity markets and a broad weakness in the US Dollar bolstered the … Continue reading →

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Crude Oil: Crude trading higher ahead of the EIA’s weekly US crude inventory report

Posted on May 14, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.29% against the USD for the 24 hour period ending 23:00GMT, closing at 101.85, after the American Petroleum Institute (API) reported a 590,000 barrels drop in oil stocks at the Cushing, Oklahoma delivery … Continue reading →

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

Posted on May 14, 2014 by GCI Financial

Silver Movement Silver prices pared its initial losses and rose 0.10% to USD 19.56 per ounce during the 24 hours ending 23:00GMT, as dismal US retail sales report bolstered demand for safe-haven assets. However, a stronger US Dollar capped the … Continue reading →

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Gold: Precious metal extends its losses on weak demand-outlook

Posted on May 14, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1294.40 per ounce, as a rally in world equity markets and a stronger US Dollar weighed on the demand prospects of … Continue reading →

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Crude Oil: Crude trading marginally higher in the Asian session

Posted on May 13, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 100.55, as escalating tensions in Ukraine weighed on the supply-outlook of the commodity. However, Saudi Arabia’s readiness to supply excess … Continue reading →

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

Posted on May 13, 2014 by GCI Financial

Silver Movement Silver prices rose 2.36% to USD 19.54 per ounce during the 24 hours ending 23:00GMT, as mounting tensions in Ukraine spurred demand for safe-haven assets. In the Asian session, at GMT0300, Silver is trading at 19.51, 0.15% lower … Continue reading →

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Gold: Yellow metal snaps gains in the morning trading hours

Posted on May 13, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.93% against the USD in the 24 hour period ending 23:00GMT, at 1295.80 per ounce, as demand for safe-haven assets increased after pro-Russian rebels in eastern Ukraine declared a victory in the disputed … Continue reading →

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Crude Oil: Crude trading higher this morning, following Friday’s losses

Posted on May 12, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 0.23% against the USD for the period ending 21:00GMT, closing at 100.04, hurt by a stronger US Dollar. Oil prices also faced some resistance after Libya’s newly elected Prime Minister highlighted … Continue reading →

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Silver: White metal converging with its MA’s

Posted on May 12, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.10% to USD 19.17 per ounce during the period ending 21:00GMT, on weak demand for industrial metals and amid broad losses in gold prices. In the Asian session, at GMT0300, Silver is trading … Continue reading →

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Gold: Yellow metal extends its losses on Fed’s stimulus outlook

Posted on May 12, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.09% against the USD in the period ending 21:00GMT, at 1289.60 per ounce, amid broad gains in the US Dollar. Gold prices also came under pressure after the Dallas Fed President, … Continue reading →

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