Crude Oil: Crude gives up ground as supply concerns eases on Naimi’s comments

Posted on September 12, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 107.68. However, the gains were kept in check after the Energy Information Administration reported that the US crude oil supplies … Continue reading →

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Silver: White metal snaps yesterday’s gain in the morning session

Posted on September 12, 2013 by GCI Financial

Silver Movement Silver prices rose 0.54% to the USD23.15 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 22.97, 0.79% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal continues to lose its shine in the Asian session

Posted on September 12, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1,364.31 per ounce, as the demand outlook of the safe-haven metal was hit after the US expressed its willingness for a … Continue reading →

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Crude Oil: Crude continues to fall as supply concerns wanes

Posted on September 11, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 107.30, as concerns over the supply outlook of the commodity from the Middle East region eased after the Syrian regime … Continue reading →

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Silver: Silver snaps losses in the morning session

Posted on September 11, 2013 by GCI Financial

Silver Movement Silver prices declined 2.92% to the USD23.03 per ounce during the 24 hours ending 23:00GMT, as investors refrained from taking major bets following a decline in the demand for industrial metals. In the Asian session, at GMT0300, Silver … Continue reading →

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Gold: Yellow metal pares losses in the Asian session

Posted on September 11, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 1.54% against the USD in the 24 hour period ending 23:00GMT, at 1366.01 per ounce, as demand for the metal faded amid hopes that a US military strike against Syria could be averted … Continue reading →

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Crude Oil: Crude pares losses in the Asian session

Posted on September 10, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 108.48, as supply concern of the commodity from the Middle East eased following reports that highlighted US’s decision to examine … Continue reading →

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Silver: White metal continues its decline, hit by a fall in demand for industrial metals

Posted on September 10, 2013 by GCI Financial

Silver Movement Silver prices declined 0.85% to the USD23.72 per ounce during the 24 hours ending 23:00GMT, as a decline in the prices of the industrial metals weighed on the demand outlook of silver. The white metal also came under … Continue reading →

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Gold: Yellow metal decline as investors’ risk appetite increases

Posted on September 10, 2013 by GCI Financial

Gold Movement Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1387.33 per ounce, as appetite for risk-taking among investors increased following media reports that spurred speculation that Russia’s proposal to place Syria’s … Continue reading →

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Crude Oil: Crude extends its rally in the Asian session

Posted on September 9, 2013 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 1.72% against the USD for the period ending 21:00GMT, closing at 110.31 as a weakness in dollar following a lackluster US nonfarm payrolls report, bolstered the demand outlook of the commodity. … Continue reading →

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Silver: White Metal snaps Friday’s gains

Posted on September 9, 2013 by GCI Financial

Silver Movement On Friday, Silver prices rose 2.97% to the USD23.87 per ounce during the period ending 21:00GMT, as a weakness in the dollar lured investors to demand more of the dollar-denominated commodity. In the Asian session, at GMT0300, Silver … Continue reading →

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