Gold: Yellow metal converging with its MA’s

Posted on February 28, 2014 by GCI Financial

Gold Movement Gold prices traded tad lower against the USD in the 24 hour period ending 23:00GMT, at 1330.66 per ounce. However, earlier during the day, the yellow metal traded higher as demand for safe-haven assets rose after the Fed … Continue reading →

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

Posted on February 27, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 102.45, after the Energy Information Administration (EIA) reported a less-than-expected rise of 68,000 barrels in the US crude supplies to … Continue reading →

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Silver: White metal trading lower ahead of Fed Chief Janet Yellen’s speech

Posted on February 27, 2014 by GCI Financial

Silver Movement Silver prices declined 2.63% to USD21.29 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar. In the Asian session, at GMT0400, Silver is trading at 21.10, 0.91% lower from yesterday’s close. Traders … Continue reading →

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Gold: Yellow metal extends its fall, hurt by a stronger US Dollar

Posted on February 27, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1330.80 per ounce, as a stronger US Dollar weighed on the yellow metal. Meanwhile, hawkish comments from the Dallas Fed President, … Continue reading →

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Crude Oil: Crude trading lower ahead of EIA weekly data

Posted on February 26, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 101.97, after data revealed an increase in the US crude inventories and on growing concerns that the weakening Chinese Yuan … Continue reading →

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Silver: White metal converging with its MA’s

Posted on February 26, 2014 by GCI Financial

Silver Movement Silver prices declined 0.40% to USD 21.87 per ounce during the 24 hours ending 23:00GMT. However, demand for haven assets following a weak US consumer confidence data, kept the commodity’s losses in check. In the Asian session, at … Continue reading →

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

Posted on February 26, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1340.63 per ounce, as a dismal US consumer confidence data spurred demand for the safe-haven metal. Meanwhile, assets in the SPDR … Continue reading →

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Crude Oil: Crude trading lower ahead of API data

Posted on February 25, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, as production outages in Libya and fresh round of bombing and shooting in Iraq weighed on the supply-outlook of … Continue reading →

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Silver: White metal trading lower this morning

Posted on February 25, 2014 by GCI Financial

Silver Movement Silver prices rose 0.49% to USD 21.95 per ounce during the 24 hours ending 23:00GMT, as the latest batch of sluggish economic data from the US spurred demand for havens. In the Asian session, at GMT0400, Silver is … Continue reading →

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Gold: Precious metal reverses its gains in the morning session

Posted on February 25, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1334.83 per ounce, as soft economic data from the US and social unrest in Ukraine bolstered the safe-haven appeal of the … Continue reading →

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Crude Oil: Crude reverses its direction in the Asian trading hours

Posted on February 24, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 0.54% against the USD for the period ending 21:00GMT, closing at 102.25, as traders continued to digest a rise in the weekly EIA crude supply data for the week ended 14 … Continue reading →

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