Crude Oil: EIA reported a more than expected rise in its US weekly crude stockpiles data

Posted on March 20, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 100.41, after an official report revealed that the inventories at Cushing, Oklahoma, the delivery point for the contract, dropped for … Continue reading →

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Silver: White metal trading higher, following yesterday’s decline

Posted on March 20, 2014 by GCI Financial

Silver Movement Silver prices declined 1.07% to USD 20.62 per ounce during the 24 hours ending 23:00GMT, amid a stronger US Dollar. In the Asian session, at GMT0400, Silver is trading at 20.70, 0.39% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian trading hours

Posted on March 20, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 2.08% against the USD in the 24 hour period ending 23:00GMT, at 1328.28 per ounce, hurt a stronger US Dollar, which advanced after the US Fed tapered the size of its QE package … Continue reading →

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Crude Oil: Oil trading tad higher this morning

Posted on March 19, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.45% against the USD for the 24 hour period ending 23:00GMT, closing at 99.44, as data pointed to a stabilisation in the US housing sector and after Enterprise Products Partners LP announced an … Continue reading →

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Silver: White metal reversed its losses in the Asian session

Posted on March 19, 2014 by GCI Financial

Silver Movement Silver prices declined 1.71% to the USD 20.85 per ounce during the 24 hours ending 23:00GMT, mirroring losses in the prices of gold. In the Asian session, at GMT0400, Silver is trading at 20.88, 0.17% higher from yesterday’s … Continue reading →

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Gold: Yellow metal trading higher ahead of the Fed’s meeting

Posted on March 19, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1356.20 per ounce, as tensions in Ukraine eased, diminishing the safe haven appeal of the yellow metal. Separately, another report revealed … Continue reading →

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Crude Oil: Crude trading lower as traders digested sanctions on Russia

Posted on March 18, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.03, amid speculation that Crimea’s vote to join Russia and the US and European Union’s sanction against Russia would not … Continue reading →

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Silver: Silver trading below its MA’s

Posted on March 18, 2014 by GCI Financial

Silver Movement Silver prices declined 1.51% to USD 21.21 per ounce during the 24 hours ending 23:00GMT, tracking losses in the prices of gold. In the Asian session, at GMT0400, Silver is trading at 21.09, 0.56% lower from yesterday’s close. … Continue reading →

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Gold: Precious metal continues to trade lower in the morning session

Posted on March 18, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.47% against the USD in the 24 hour period ending 23:00GMT, at 1366.37 per ounce, as strong industrial production data from the US weighed on the demand-outlook of safe-haven assets. In the Asian … Continue reading →

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Crude Oil: IEA raises its demand outlook for global oil demand

Posted on March 17, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.74% against the USD for the period ending 21:00GMT, closing at 98.89, as tensions in Ukraine weighed on the supply outlook of the commodity. Positive sentiment was also fuelled after the … Continue reading →

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Silver: White metal snaps gains in the morning session

Posted on March 17, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 1.11% to USD 21.48 per ounce during the period ending 21:00GMT, buoyed by a weakness in the US Dollar. The prices of white metal also received support from investors’ strong demand for safe-haven … Continue reading →

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