Gold is rising due to slower economic growth. US higher oil reserves – the price continues to fall.

Gold continues to rise, reaching 12-week highs against the belief among investors for weak global economy and disappointing growth in the Eurozone where oa expect new quantitative easing by buying government bonds. Bullion for immediate delivery reached a price of $ 1,244.29 per ounce, which is the highest level since October 23. For the February supply the precious metal reached $ 1,234.40 an ounce, which is also the highest level since October 23.

Silver for immediate delivery marked price $ 17.20 an ounce – the highest level since December 12. Platinum reached $ 1,241.38 an ounce after yesterday traded at $ 1,240.75 an ounce. Palladium fell 0.5% to $ 811.85.

Oil continues to fall after the data from Kuwait and US stocks posted an increase, confirming the supersaturation of the market. For immediate delivery traded oil is priced TMT $ 45.89 per barrel, which is a decrease of 0.4%, after yesterday traded at $ 46.16 a barrel. Brent for February fell 84 cents, or 1.8 percent to $ 46.59 a barrel. The decrease of black gold is likely to continue in the coming days amid global expectations and increased stocks of the United States.

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