Morning report: oil goes up, gold cheaper

Oil prices rose to near two-week high, after it became clear economic data from the US today and improvement of gross domestic product in the country. West Texas Intermadiate-western futures rose by 3.4%. US GDP rose by 5% from July to September, which is the largest growth since 2003, which further stimulates the increase in the price of "black gold" for the February supply, oil is traded at a price of $ 57.12 per barrel or this is an increase of $ 1.86, which is the highest price of 12 December. Brent for the February delivery traded at a price of $ 61.36 a barrel. Oil fell more than 42% this year and more than 22 percent since OPEC announced that it has no intention to reduce production.

Gold continued its downward trend after better US data today and the increase in the US dollar. Bullion for immediate delivery traded at $ 176.82 for 1 ounce, and the price fell by 2% this year. For comparison, in 2013 the price of the precious metal fell by 28%

Silver for immediate delivery rose 0.2 percent to $ 15.79 an ounce and palladium also added 0.2% to $ 814.75 an ounce. Platinum fell 0.2% to 1 191.06 US dollars an ounce.

Varchev Finance