Oil prices rose after the death of the King of Saudi Arabia. Futures rose 3.1 percent, after it became clear that King Abdullah had died. West Texas Intermediate for March rose $ 1.45 to $ 47.76 a barrel after yesterday traded at $ 46.31 a barrel. Brent for March delivery increased by more than $ 1.28 to $ 49.80 a barrel. Saudi Arabia, which has a new king and it is the former Prince Salman exports by 9.5 million. Barrels per day, the key point is expected to be the ability of the new king to replace oilminister, Ali al-Naimi, who takes the place of 1995 onwards.
Gold remained at 5-month highs after European Central Bank announced program to stimulate the economy in the region, through the purchase of government securities. Bullion is traded at $ 1,299.92 an ounce, after a little before reached $ 1,307.62. This week the precious metal noted a 1.5% increase. Since the beginning of the year gold has risen 9.7%, after the decisions of the Swiss central bank and the ECB. For the February delivery gold has made a slight change to $ 1,299.50 an ounce.
Silver for immediate delivery rose to $ 18.33 amid yesterday's levels of $ 18.23 an ounce, this is the third increase for the week. Palladium fell to $ 771.25 an ounce, or 0.6%, while platinum lost 0.6% of its value to $ 1,277.88 an ounce.
Investors' expectations are for increases in the prices of precious metals, due to quantitative easing by the European Central Bank and the BoJ.
Varchev Finance
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.