www.varchev.com

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.

Varchev Finance


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance