Crude Oil: Crude snaps its losses in the morning session

Posted on October 14, 2013 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 0.88% against the USD for the period ending 21:00GMT, closing at 101.76, as a government shut down in the US continued to weigh on the demand prospect of the commodity. In … Continue reading →

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Silver: White metal trading below its MA’s

Posted on October 14, 2013 by GCI Financial

Silver Movement On Friday, Silver prices declined 1.54% to the USD21.34 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.13, 1.00% lower from Friday’s close. Silver is expected to find support … Continue reading →

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Gold: Yellow metal extends its losses in the morning session

Posted on October 14, 2013 by GCI Financial

Gold Movement On Friday, Gold prices traded lower by 1.10% against the USD for the period ending 21:00GMT, at 1273.09 per ounce. In the Asian session, at GMT0300, Gold is trading at 1271.53, 0.12% lower from Friday’s close. Gold is … Continue reading →

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Crude Oil: Crude extends its gains in the Asian session

Posted on October 11, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.14% against the USD for the 24 hour period ending 23:00GMT, closing at 102.66, after the Organization of the Petroleum Exporting Countries (OPEC) reported that the total crude production averaged to 30.05 million … Continue reading →

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Silver: White metal regains some lost ground in the morning session

Posted on October 11, 2013 by GCI Financial

Silver Movement Silver prices declined 1.00% to the USD21.67 per ounce during the 24 hours ending 23:00GMT, as the greenback strengthened. In the Asian session, at GMT0300, Silver is trading at 21.68, marginally higher from yesterday’s close. Silver is expected … Continue reading →

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Gold: Yellow metal pares its losses in the Asian session, but still below the $1,300 price level

Posted on October 11, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 1.41% against the USD in the 24 hour period ending 23:00GMT, at 1287.20 per ounce, as the greenback rebounded on signs that the US government was taking steps towards resolving its budget impasse. … Continue reading →

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Crude Oil: EIA reported a surprise jump of 6.8 million barrels in the weekly US crude stockpiles

Posted on October 10, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.03% against the USD for the 24 hour period ending 23:00GMT, closing at 101.50, after the Energy Information Administration (EIA) reported that the US crude stockpiles rose 6.8 million barrels during the week … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on October 10, 2013 by GCI Financial

Silver Movement Silver prices declined 2.04% to the USD21.89 per ounce during the 24 hours ending 23:00GMT, as a stronger US Dollar weighed on the demand outlook of the dollar-denominated white metal. In the Asian session, at GMT0300, Silver is … Continue reading →

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Gold: Yellow metal continues to slide, trading close to $1300 per ounce

Posted on October 10, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 1.08% against the USD in the 24 hour period ending 23:00GMT, at 1305.58 per ounce, as the greenback gained ground against major peers after minutes from the FOMC minutes showed that majority of … Continue reading →

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Crude Oil: API reported a more-than-expected rise in the US crude stockpiles

Posted on October 9, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 103.60. However the gains were capped after the American Petroleum Institute (API), late Tuesday, reported that the US crude supplies … Continue reading →

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Silver: White metal pares gains in the morning session

Posted on October 9, 2013 by GCI Financial

Silver Movement Silver prices rose 0.18% to the USD22.35 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.33, 0.08% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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