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Weaker global growth GOLD retain high levels of oil in shortov trend

Gold remained at 12-week highs, as investors continue to have concerns about global growth. Bullion for immediate delivery rose 0.1% to $ 1,229.53 an ounce. For the February delivery gold declined by 0.4% to $ 1,229.90 an ounce after yesterday reaching the highest levels since October onwards.

Silver for immediate delivery fell 0.3 percent to $ 16.81 an ounce, after yesterday’s decline of 1.2%. Spot platinum added 0.1% to its value and reached a level of $ 1,233.13 an ounce, after the previous 2-days declined. Palladium rose 0.3% to $ 777.95 an ounce in after yesterday’s session tumbled 4.9 percent, which was the largest surrender of June 2013 onwards.

For precious metals is expected to continue to rise, at least until it becomes clear when it will raise interest rates in the US, due to the weak global economic development.

Oil, rose during the Asian session amid higher oil inventories in the US. It rose by 5.6 percent to $ 48.48 a barrel after yesterday fell to $ 45.89 a barrel, the lowest level since 2009.

Are expected to decrease in the coming hours against supersaturation of the markets and an increase in inventories reported by the US.

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