Oil to rise, gold cheaper

Oil made a rebound, after having fallen to 5-year lows, and market volatility reached the highest levels from 2011 onwards. West Texas Intermediate rose by 2.6%, after 4 weeks of decline before tova.Petrolat fell more than 20% of both Saudi Arabia and OPEC announced that they will reduce the extraction of “black gold” US producers continue to drain record amounts crude oil, contributing to the increase in world prenasishtane.WTI for the January delivery rose by $ 1.39 to $ 55.50 a barrel. Contracts expire today fell by $ 2.36 to $ 54.11 .Sortat Brent for the February delivery fell $ 1.91 or 3.1 percent to $ 59.27 a barrel, reaching lows of 2009.

Gold marked the first decline for the week after Fed moves closer to raising interest rates and the background of the decline in energy prices. Bullion for immediate delivery traded at $ 196.31 in the first session yesterday, and today it dropped by 2.2%, after the central bank changed its language by deleting the phrase “indefinitely” to hold interest rates. “The decline in gold due to the strong dollar and partly in energy prices” shared by HSBC Securities Inc. Gold for the February delivery fell 6.7% for the week, which is the biggest increase since September 2013. Platinum is changed slightly to 1 $ 199.63 and palladium also made minor changes to the 792.70 to 792.50.

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