Crude Oil: Crude reverses its losses in the Asian session

Posted on May 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 100.27, amid broad gains in the US Dollar. However, mounting geo-political tensions in Ukraine and lingering concerns on the supply-outlook … Continue reading →

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Silver: Silver trading below its MA’s

Posted on May 9, 2014 by GCI Financial

Silver Movement Silver prices declined 0.67% to USD 19.19 per ounce during the 24 hours ending 23:00GMT, hurt by a stronger US Dollar. In the Asian session, at GMT0300, Silver is trading at 19.16, 0.16% lower from yesterday’s close. Silver … Continue reading →

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Gold: Precious metal trading marginally lower with focus on Ukraine crisis

Posted on May 9, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1290.80 per ounce, as traders digested Fed Chief, Janet Yellen’s comments that the US central bank was in no rush to … Continue reading →

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Crude Oil: Crude continues its upward trend buoyed by a surprise drop in the US weekly crude supplies

Posted on May 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 100.84, after the Energy Information Administration (EIA) reported a surprise 1.8-million-barrels drop in the US crude stockpiles for the week … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on May 8, 2014 by GCI Financial

Silver Movement Silver prices declined 1.45% to USD 19.32 per ounce during the 24 hours ending 23:00GMT, tracking gold’s weakness. In the Asian session, at GMT0300, Silver is trading at 19.29, 0.16% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Gold trading marginally higher this morning, following yesterday’s slump on Yellen’s comments

Posted on May 8, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.41% against the USD in the 24 hour period ending 23:00GMT, at 1289.90 per ounce, as the US Fed Chief, Janet Yellen’s optimistic comments on the US economy and Russian President, Vladimir Putin’s … Continue reading →

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Crude Oil: API reported an unexpected fall in the US crude weekly inventory

Posted on May 7, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 99.86, after the American Petroleum Institute (API) reported that US crude stockpiles unexpectedly fell by 1.8 million barrels for the … Continue reading →

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Silver: White metal converging with its MA’s

Posted on May 7, 2014 by GCI Financial

Silver Movement Silver prices rose 0.08% to USD 19.61 per ounce during the 24 hours ending 23:00GMT, supported by lingering geo-political tensions in Ukraine. In the Asian session, at GMT0300, Silver is trading at 19.69, 0.41% higher from yesterday’s close. … Continue reading →

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Gold: Precious metal reverses its direction in the Asian session

Posted on May 7, 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 1308.30 per ounce, amid light trading as Japan, Hong Kong and South Korea markets were all closed for public holidays. However, … Continue reading →

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Crude Oil: Crude trading flat in the morning session

Posted on May 6, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.37% against the USD for the 24 hour period ending 23:00GMT, closing at 99.41, after data showed that manufacturing activities in China, the world’s second largest consumer of crude oil, contracted for a … Continue reading →

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Silver: White metal snaps gains in the Asian session

Posted on May 6, 2014 by GCI Financial

Silver Movement Silver prices rose 0.18% to USD 19.59 per ounce during the 24 hours ending 23:00GMT, amid strong demand for safe-haven assets. In the Asian session, at GMT0300, Silver is trading at 19.54, 0.26% lower from yesterday’s close. Silver … Continue reading →

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