Crude Oil: Crude pares its losses this morning

Posted on December 13, 2013 by GCI Financial

Crude Oil Movement Crude oil prices marginally declined against the USD for the 24 hour period ending 23:00GMT, closing at 97.48, as upbeat retail sales numbers in the nation strengthened the case for the Federal Reserve to start easing back … Continue reading →

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Silver: White metal trading below its MA’s

Posted on December 13, 2013 by GCI Financial

Silver Movement Silver prices declined 3.87% to USD19.53 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 19.39, 0.68% lower from yesterday’s close. Silver is expected to find support at 19.01, … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on December 13, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 2.13% against the USD in the 24 hour period ending 23:00GMT, at 1226.82 per ounce, after better-than-expected US retail sales figures sparked market expectations that the Federal Reserve might announce plans to taper … Continue reading →

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Crude Oil: EIA reported a more than expected fall in the US weekly crude inventories

Posted on December 12, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 97.51. However, the losses were capped after the US Energy Information Administration (EIA) reported the biggest weekly decline in nearly … Continue reading →

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Silver: White metal trading tad lower this morning

Posted on December 12, 2013 by GCI Financial

Silver Movement Silver prices declined 0.43% to USD20.31 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 20.31, marginally lower from yesterday’s close. Silver is expected to find support at 20.20, … Continue reading →

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Gold: Yellow metal converging with its MA’s

Posted on December 12, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1253.48 per ounce, as speculations rose that the Federal Reserve would very soon take the tapering route as the US lawmakers … Continue reading →

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Crude Oil: OPEC’s crude production in November dropped to the lowest level since May 2011

Posted on December 11, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 98.62, amid a broad decline in the US Dollar. Price of crude oil rose further after the American Petroleum Institute … Continue reading →

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Silver: White metal pares its gains in the Asian trading hours

Posted on December 11, 2013 by GCI Financial

Silver Movement Silver prices rose 2.95% to USD20.40 per ounce during the 24 hours ending 23:00GMT, on fresh buying by industrial units and coin makers. In the Asian session, at GMT0400, Silver is trading at 20.29, 0.54% lower from yesterday’s … Continue reading →

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Gold: Gold trading lower in the Asian session, following yesterday’s surge

Posted on December 11, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 1.80% against the USD in the 24 hour period ending 23:00GMT, at 1262.29 per ounce, amid broad weakness in the US Dollar. In the Asian session, at GMT0400, Gold is trading at 1256.73, … Continue reading →

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Crude Oil: Crude trading higher in the Asian session, following yesterday’s sell-off

Posted on December 10, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at 97.37, after three eminent Fed officials stated that the central bank could begin tapering down its stimulus program at its … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on December 10, 2013 by GCI Financial

Silver Movement Silver prices rose 1.09% to USD19.81 per ounce during the 24 hours ending 23:00GMT, mirroring gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver is trading at 19.85, 0.17% higher from yesterday’s close. … Continue reading →

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