Crude Oil: API reported a less than expected rise in the US weekly crude supplies

Posted on March 5, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.22, as concerns over the supply-outlook of the commodity eased after Russian President, Vladimir Putin ordered troops to return to … Continue reading →

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Silver: White metal snaps losses in the morning session

Posted on March 5, 2014 by GCI Financial

Silver Movement Silver prices declined 1.28% to USD21.17 per ounce during the 24 hours ending 23:00GMT, as easing concerns over Ukraine crisis dampened the demand-outlook of safe-haven assets. Separately, media report anticipated a fall in the shipment of silver to … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 5, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.18% against the USD in the 24 hour period ending 23:00GMT, at 1334.76 per ounce, as tensions over Ukraine crisis eased following withdrawal of Russian military troops from Ukraine borders. Yesterday, the CEO … Continue reading →

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Crude Oil: Crude extends its winning streak in the Asian trading hours

Posted on March 4, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 104.67 as escalating tensions between Ukraine and Russia weighed on the supply-outlook of the commodity. Meanwhile, cold weather in the … Continue reading →

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Silver: White metal reverses its direction in the morning session

Posted on March 4, 2014 by GCI Financial

Silver Movement Silver prices rose 0.59% to USD 21.45 per ounce during the 24 hours ending 23:00GMT, as ongoing Ukraine crisis fuelled demand for safe-haven assets. In the Asian session, at GMT0400, Silver is trading at 21.43, 0.09% lower from … Continue reading →

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Gold: Yellow metal snaps gains in the morning session

Posted on March 4, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 1.34% against the USD in the 24 hour period ending 23:00GMT, at 1350.64 per ounce, buoyed by strong demand for safe-haven assets amid ongoing tensions in Ukraine. Meanwhile, upbeat manufacturing PMI data from … Continue reading →

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Crude Oil: Crude extends its gains in the morning session

Posted on March 3, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.37% against the USD for the period ending 21:00GMT, closing at 102.46, as an upbeat rise in the US Chicago PMI bolstered the demand-outlook of the commodity in the nation. During … Continue reading →

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Silver: White metal trading higher, following Friday’s drop

Posted on March 3, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.31% to USD21.20 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0400, Silver is trading at 21.47, 1.29% higher from Friday’s close, as Russia’s seizure of Ukraine’s Crimea boosted … Continue reading →

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Gold: Gold trading higher amid strong demand for safe haven assets

Posted on March 3, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.38% against the USD in the period ending 21:00GMT, at 1325.60 per ounce, as risk-appetite among traders increased following upbeat Reuters/Michigan US consumer sentiment and Chicago PMI data. In the Asian … Continue reading →

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Crude Oil: Crude continues to trade lower in the Asian trading hours

Posted on February 28, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 102.08, amid speculation that a retreating winter in the US would lower demand for heating fuels in the largest consumer … Continue reading →

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Silver: White metal extends its fall in the Asian session

Posted on February 28, 2014 by GCI Financial

Silver Movement Silver prices declined 0.12% to USD 21.26 per ounce during the 24 hours ending 23:00GMT, mirroring losses in the prices of industrial metals. However, tension in Ukraine and a weakness in the US Dollar kept the commodity’s losses … Continue reading →

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