Crude Oil: Oil prices rise sharply on Middle East tensions

Posted on August 28, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices jumped 3.26% against the USD for the 24 hour period ending 23:00GMT, closing at 109.69, as supply concerns continued to mount amid escalating tensions in Syria. Late yesterday, the American Petroleum Institute (API) reported … Continue reading →

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Silver: Silver continues to trade higher this morning

Posted on August 28, 2013 by GCI Financial

Silver Movement Silver prices rose 1.46% to the USD24.58 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.61, 0.14% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Syrian concerns push yellow metal above psychological level of $1400

Posted on August 28, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1417.53 per ounce, as investors flocked to the safety of precious metals, amid political tensions in Syria. Also, the US debt … Continue reading →

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Crude Oil: Social unrest in Syria pushes oil higher

Posted on August 27, 2013 by GCI Financial

  Crude Oil prices declined 0.69% against the USD for the 24 hour period ending 23:00GMT, closing at 106.23, as a dismal US durable goods orders data sparked concerns over the demand prospect of the commodity. Additionally, supply concerns from … Continue reading →

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Silver: White Metal continues its downward movement

Posted on August 27, 2013 by GCI Financial

  Silver prices dropped 0.17% to the USD24.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.12, 0.44% lower from yesterday’s close. Silver is expected to find support at 23.87, … Continue reading →

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

Posted on August 27, 2013 by GCI Financial

  Gold prices traded lower by 0.33% against the USD in the 24 hour period ending 23:00GMT, at 1401.07 per ounce. In the Asian session, at GMT0300, Gold is trading at 1398.1, 0.21% lower from yesterday’s close. Gold is expected … Continue reading →

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Crude Oil: Encouraging PMI data pointed to a potential uptick in oil demand, trading lower this morning

Posted on August 23, 2013 by GCI Financial

  Crude Oil prices added 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 105.20, buoyed by upbeat economic data that suggested the global economy is on the mend and kindled hopes for higher fuel demand. … Continue reading →

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Silver: White Metal backpedals in Asian session

Posted on August 23, 2013 by GCI Financial

  Silver prices rose 2.49% to the USD23.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.15, 0.40% lower from yesterday’s close. Silver is expected to find support at 22.83, … Continue reading →

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Gold: Gold trading lower this morning

Posted on August 23, 2013 by GCI Financial

  Gold prices traded higher by 1.44% against the USD in the 24 hour period ending 23:00GMT, at 1379.13 per ounce, as market participants digested reports of the Federal Reserve’s minutes to conclude that the stimulus program will remain in … Continue reading →

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Crude Oil: Oil prices pared yesterday’s losses

Posted on August 22, 2013 by GCI Financial

Crude Oil prices declined 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 103.60, as indications that the Fed would alter economic stimulus by the end of 2013 fuelled speculation that oil demand may falter. Yesterday, … Continue reading →

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Silver: White metal tumbled in yesterday’s session, trading higher this morning

Posted on August 22, 2013 by GCI Financial

Silver prices fell 1.42% to the USD22.68 per ounce during the 24 hours ending 23:00GMT, tracking losses in the yellow metal. In the Asian session, at GMT0300, Silver is trading at 22.85, 0.75% higher from yesterday’s close. Silver is expected … Continue reading →

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