Gold: Yellow metal trading higher in the Asian session, following yesterday’s sell-off

Posted on November 8, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.72% against the USD in the 24 hour period ending 23:00GMT, at 1308.08 per ounce, after data revealed that the US Gross Domestic Product (GDP) rose more than analysts’ expectation for the third … Continue reading →

Posted in Gold | Comments Off

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

Posted on November 7, 2013 by GCI Financial

Crude Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 94.86, following weakness in the US dollar. Positive sentiment was also fuelled after the Energy Information Administration (EIA) reported that motor fuel consumption … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal pares gains in the Asian session

Posted on November 7, 2013 by GCI Financial

Silver Movement Silver prices rose 0.52% to USD21.80 per ounce during the 24 hours ending 23:00GMT, buoyed by a rise in the prices of industrial metals and a weakness in the US Dollar. In the Asian session, at GMT0400, Silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal gives up ground against the US Dollar

Posted on November 7, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1317.51 per ounce, amid a broadly weak dollar. In the Asian session, at GMT0400, Gold is trading at 1315.57, 0.15% lower … Continue reading →

Posted in Gold | Comments Off

Gold: Yellow metal pares losses in the morning session

Posted on November 6, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1311.74 per ounce, as an upbeat rise in the US ISM non-manufacturing index strengthened the prospect that the Fed might start … Continue reading →

Posted in Gold | Comments Off

Crude Oil: US crude supplies rose 871,000 barrels during the previous week, reports API

Posted on November 6, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.86% against the USD for the 24 hour period ending 23:00GMT, closing at 93.67. Late Tuesday, the American Petroleum Institute (API) reported that the US crude supplies rose 871,000 barrels during the week … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal extends its winning streak in the Asian trading hours

Posted on November 6, 2013 by GCI Financial

Silver Movement Silver prices rose 0.12% to USD21.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 21.71, 0.07% higher from yesterday’s close. Silver is expected to find support at 21.58, … Continue reading →

Posted in Silver | Comments Off

Crude Oil: Crude reverses its direction in the Asian session

Posted on November 5, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 94.48, as supply concerns in the Middle East region eased after Libya’s National Oil Corp stated that loadings at Hariga … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal showing convergence with its MA’s

Posted on November 5, 2013 by GCI Financial

Silver Movement Silver prices declined 0.91% to USD21.66 per ounce during the 24 hours ending 23:00GMT, as a decline in the prices of industrial metals weighed on the demand outlook of the commodity. In the Asian session, at GMT0400, Silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal snaps its losses in the morning session

Posted on November 5, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1314.55 per ounce. However, the losses in the commodity were capped, as the US Dollar gave up ground against major counterparts … Continue reading →

Posted in Gold | Comments Off

Crude Oil: Crude steady in the Asian session

Posted on November 4, 2013 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.79% against the USD for the period ending 21:00GMT, closing at 94.61, as the demand prospect of the dollar-denominated commodity came under pressure, after the US Dollar advanced against most of … Continue reading →

Posted in Crude Oil | Comments Off