Crude Oil: OPEC’s per day oil production unexpectedly declines by 20,000 barrels in December

Posted on January 17, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 94.12, after the Organization of Petroleum Exporting Countries (OPEC), in its monthly report, projected the demand for OPEC oil to … Continue reading →

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Silver: White metal trading tad lower in the morning

Posted on January 17, 2014 by GCI Financial

Silver Movement Silver prices declined 0.52% to USD20.13 per ounce during the 24 hours ending 23:00GMT. In a report published on Wednesday, one of the leading brokering houses trimmed its 2014 prices forecast on the white metal by 20% (YoY), … Continue reading →

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Gold: Precious metal extends its gains in the Asian session

Posted on January 17, 2014 by GCI Financial

Gold Movement Gold prices advanced marginally against the USD in the 24 hour period ending 23:00GMT, at 1242.89 per ounce, amid a weaker US Dollar. The safe-haven appeal of the yellow metal received a further boost after the San Francisco … Continue reading →

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Crude Oil: EIA reports a seventh consecutive weekly decline in US crude inventories

Posted on January 16, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.90% against the USD for the 24 hour period ending 23:00GMT, closing at 94.37, after the Energy Information Administration (EIA) reported a decline in US crude inventories, for the seventh consecutive week. The … Continue reading →

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Silver: White metal showing convergence with both its MA’s

Posted on January 16, 2014 by GCI Financial

Silver Movement Silver prices declined 0.10% to the USD 20.23 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. Silver prices retreated, after upbeat economic data from the US and the optimism surrounding the outlook for … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on January 16, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1242.42 per ounce, hurt by a strong dollar. The US Dollar was buoyed by a better-than-expected US manufacturing report, which indicated … Continue reading →

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Crude Oil: API reported a more than expected fall in the US crude oil inventories

Posted on January 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.07% against the USD for the 24 hour period ending 23:00GMT, closing at 92.61, drawing support from American Petroleum Institute’s (API) data, which indicated a 4.1 million-barrel drop in the level of US … Continue reading →

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Silver: White metal extends its losses in the Asian trading session

Posted on January 15, 2014 by GCI Financial

Silver Movement Silver prices declined 0.61 % to USD20.25 per ounce during the 24 hours ending 23:00GMT, hurt by a stronger US Dollar. In the Asian session, at GMT0400, Silver is trading at 20.16, 0.47% lower from yesterday’s close. Silver … Continue reading →

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Gold: Yellow metal continues to trade lower

Posted on January 15, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1244.91 per ounce, amid broader gains in the US Dollar. The Dallas Fed President, Richard Fisher, stated that the Fed should … Continue reading →

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Crude Oil: Crude trading higher ahead of the API data

Posted on January 14, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 91.63, as prospects for oversupply of as much as 1 million bpd of Iranian oil in the global markets increased, … Continue reading →

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Silver: White metal trading above its MA’s

Posted on January 14, 2014 by GCI Financial

Silver Movement Silver prices rose 0.65% to USD20.37 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, Silver is trading at 20.35, 0.11% lower from yesterday’s close. Silver is expected … Continue reading →

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