Gold: Yellow metal pares previous sessions’ losses

Posted on September 24, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1322.01 per ounce, as pessimistic comments from two leading brokerage house weighed on the demand outlook of the commodity. Citigroup indicated … Continue reading →

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Crude Oil: Crude reverses its direction in the Asian session

Posted on September 23, 2013 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.59% against the USD for the period ending 21:00GMT, closing at 104.59, as concerns over crude oil supply from the Middle East region declined after the Organization for the Prohibition of … Continue reading →

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Silver: White metal continues its fall on hampered demand-outlook of the industrial metals

Posted on September 23, 2013 by GCI Financial

Silver Movement On Friday, Silver prices declined 5.79% to the USD21.80 per ounce for the period ending 21:00GMT, as fall in the prices of the industrial metal and tapering comments from St. Louis Fed Chief, James Bullard, triggered a decline … Continue reading →

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Gold: Tapering comments from St. Louis Fed Chief continues to weigh on yellow metal

Posted on September 23, 2013 by GCI Financial

Gold Movement On Friday, Gold prices sank 3.11% against the USD for the period ending 21:00GMT, at 1325.63 per ounce, after Fed Bank of St. Louis President, James Bullard, highlighted the possibility of the Fed to marginally taper its $85 … Continue reading →

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Crude Oil: Crude continues to decline as Middle East supply concern wanes

Posted on September 20, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.84% against the USD for the 24 hour period ending 23:00GMT, closing at 106.28, as an increase in Libya’s oil output and Syrian President Bashar al-Assad’s assurance to co-operate with international powers to … Continue reading →

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Silver: White metal snaps its gains in the morning session

Posted on September 20, 2013 by GCI Financial

Silver Movement Silver prices rose 0.99% to the USD23.14 per ounce during the 24 hours ending 23:00GMT, as investors continued to cheer Fed’s decision to maintain the size of its monthly asset purchase programme at $85 billion. Additionally, an enhanced … Continue reading →

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Gold: Profit booking sends yellow metal lower in the Asian session

Posted on September 20, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1368.25 per ounce, as lingering optimism on Fed’s decision to maintain its $85 billion asset-purchase programme, continued to support the prices … Continue reading →

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Crude Oil: Crude continues to trade above $108 level

Posted on September 19, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 2.59% against the USD for the 24 hour period ending 23:00GMT, closing at 108.27, buoyed by Energy Information Administration’s (EIA) announcement that the US crude stockpiles fell more-than-expected 4.4 million barrels during the … Continue reading →

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Silver: White metal soars on back of a weak dollar

Posted on September 19, 2013 by GCI Financial

Silver Movement Silver prices rose 5.49% to the USD22.91 per ounce during the 24 hours ending 23:00GMT, as a weakness in the US Dollar bolstered the demand outlook of the dollar-denominated white metal. In the Asian session, at GMT0300, Silver … Continue reading →

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Gold: Yellow metal maintains its shine in the morning session

Posted on September 19, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 4.20% against the USD in the 24 hour period ending 23:00GMT, at 1,361.84 per ounce, as the demand outlook of the dollar-denominated commodity received a boost after the US Dollar lost ground against … Continue reading →

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Crude Oil: Crude pares losses in the morning session

Posted on September 18, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 105.54, as lingering optimism on the US-Russia deal for disarming Syrian regime of its chemical weapon and a recovery in … Continue reading →

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