Gold: Yellow metal extends its downward trend in the Asian session

Posted on April 16, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.73% against the USD in the 24 hour period ending 23:00GMT, at 1302.81 per ounce, amid profit-taking and a stronger US Dollar. The prices of the yellow metal also came under pressure after … Continue reading →

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Crude Oil: Crude trading below its MA’s

Posted on April 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 103.48, amid bets that potential return of oil barrels from Libya in the markets could ease concerns on the supply-outlook … Continue reading →

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Silver: Silver continues to trade lower in the morning trading hours

Posted on April 15, 2014 by GCI Financial

Silver Movement Silver prices declined 0.69% to USD 19.97 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar and a decline in the prices of industrial metals. In the Asian session, at GMT0300, Silver … Continue reading →

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Gold: Precious metal extends its fall in the Asian session

Posted on April 15, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1325.76 per ounce, hurt by a stronger US Dollar and comments from a leading broking house, that forecasted gold prices to … Continue reading →

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Crude Oil: IEA slashed its forecast for global oil demand by 100,000 barrels a day

Posted on April 14, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.49% against the USD for the period ending 21:00GMT, closing at 103.74, as the latest upbeat US economic data bolstered the demand outlook of the commodity in the nation, known as … Continue reading →

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Silver: Silver trading higher, following Friday’s fall

Posted on April 14, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.14% to USD 20.00 per ounce during the period ending 21:00GMT. A report showed that gold and silver imports into India, the world’s second biggest buyer of the metal, dropped 40% to $33.46 … Continue reading →

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Gold: Safe-haven metal extends its gains amid escalating Ukraine tensions

Posted on April 14, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded slightly higher against the USD in the period ending 21:00GMT, at 1318.42 per ounce. Data from India, world’s second largest importer of gold, showed that gold and silver imports to the nations dropped … Continue reading →

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Crude Oil: Oil production from the OPEC fell by more than a half-million barrels to 29.6 million barrels last month

Posted on April 11, 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 103.26 amid mounting concerns over China’s demand outlook. However, lingering tension in Ukraine kept the commodity’s losses in check. Oil … Continue reading →

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Silver: White metal pares its gains in the morning session

Posted on April 11, 2014 by GCI Financial

Silver Movement Silver prices rose 0.58% to USD 20.03 per ounce during the 24 hours ending 23:00GMT, amid strong demand for industrial metals. In the Asian session, at GMT0300, Silver is trading at 20.02, slightly lower from yesterday’s close. Silver … Continue reading →

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Gold: Yellow metal continues to trade higher in the Asian session

Posted on April 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1318.32 per ounce, as former losses in US equity markets lured investors to the safe-haven appeal of the metal. However, the … Continue reading →

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Crude Oil: EIA reported a more than expected rise in the US crude supplies last week

Posted on April 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.02% against the USD for the 24 hour period ending 23:00GMT, closing at 103.37, amid broad weakness in the US Dollar and lingering tensions between Russia and the West over Ukraine. Oil prices … Continue reading →

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