Gold: Gold ended below $1300 level on strong US data, Fed official comments

Posted on August 7, 2013 by GCI Financial

  Gold prices traded lower by 1.54% against the USD in the 24 hour period ending 23:00GMT, at 1283.21 per ounce, as continuous flow of strong data from the US and comments by a Federal Reserve official boosted US Dollar. … Continue reading →

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Crude Oil: Oil drops ahead of demand forecast reports this week

Posted on August 6, 2013 by GCI Financial

  Crude Oil prices declined 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 106.54. In the Asian session, at GMT0300, Crude Oil is trading at 106.30, 0.23% lower from yesterday’s close, after Libya planned for … Continue reading →

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Silver: Silver continues its downtrend this morning

Posted on August 6, 2013 by GCI Financial

  Silver prices fell 0.91% to the USD19.71 per ounce during the 24 hours ending 23:00GMT. A renowned broker yesterday lifted its silver price forecast for 2013, citing physical demand in Asia. The broker raised its average price forecast to … Continue reading →

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Gold: Gold softens on strong European and US economic data

Posted on August 6, 2013 by GCI Financial

  Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1303.29 per ounce, as a positive economic data from Europe and the US dampened yellow metal’s safe haven appeal. In the Asian … Continue reading →

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Crude Oil: Oil slipped as US jobs data disappointed

Posted on August 5, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 0.83% against the USD for the period ending 21:00GMT, closing at 106.94, as weaker-than-expected July jobs data in the US dented investor sentiment In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Silver: White metal gained on a weaker greenback

Posted on August 5, 2013 by GCI Financial

On Friday, Silver prices rose 1.63% to the USD19.91 per ounce during the period ending 21:00GMT, amid a weak dollar as US factory orders rose lower than expected in June, while nonfarm payrolls also failed to match market expectations. In … Continue reading →

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Gold: Yellow metal rose as the dollar declined

Posted on August 5, 2013 by GCI Financial

On Friday, Gold prices traded higher by 0.53% against the USD in the period ending 21:00GMT, at 1311.75 per ounce, bouncing back from the previous session losses as the dollar weakened after the highly awaited US employment data failed to … Continue reading →

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Crude Oil: Oil surged on upbeat Chinese, European and US PMI data

Posted on August 2, 2013 by GCI Financial

Crude Oil prices advanced 2.57% against the USD for the 24 hour period ending 23:00GMT, closing at 107.84, as upbeat manufacturing data in China, Europe and the US raised demand prospects. Moreover, as decline in US jobless claims further supported … Continue reading →

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Silver: White metal dropped against the strong USD, trading higher this morning

Posted on August 2, 2013 by GCI Financial

Silver prices declined 1.44% to the USD19.59 per ounce during the 24 hours ending 23:00GMT, in line with fall in gold prices as the dollar strengthened after a batch of upbeat economic data supported the Fed plan to start reducing … Continue reading →

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Gold: Yellow metal fell on robust US jobs and factory data, trading higher this morning

Posted on August 2, 2013 by GCI Financial

  Gold prices traded lower by 1.61% against the USD in the 24 hour period ending 23:00GMT, at 1304.84 per ounce, as US dollar strengthened following better-than-expected US jobless claims and manufacturing PMI data. In the Asian session, at GMT0300, … Continue reading →

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Crude Oil: Oil extends gains in the Asian session on Fed’s dovish stance, encouraging Chinese data

Posted on August 1, 2013 by GCI Financial

  Crude Oil prices jumped 1.96% against the USD for the 24 hour period ending 23:00GMT, closing at 105.14, as the US Federal Reserve gave no indication on when it will curb economic stimulus, assuring commodity traders of continued liquidity … Continue reading →

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