Precious metals rose, with oil continues to fall

Oil continues to fall on speculation provoked by a rise in US inventories. Futures fell for a third day, today celebrated more than 1% decrease and last year "black gold" dropped more than 50% as from OPEC decided not to cut supplies even if such decrease in the price. For the February supply oil fell 44 cents to $ 45.63 a barrel as of yesterday the level at which traded was $ 46.07 a barrel, the lowest since 2009. Brent for February fell by 5.4% or $ 2.68 per barrel.

Gold appreciated amid speculation retention rates for "indefinitely" by the Fed to support the economy, but according to Barclays Plc.za this year gold sentiment remains bearish due to the almost certain increase in the basic interest rate. Bullion for immediate delivery rose 0.4% during the Asian session to $ 1,238.76 an ounce, which is the highest level since November onwards. Futures for the February delivery rose 1.4 percent to $ 1,232.80 an ounce.

Gold also noted an increase, the price of which is traded is $ 16.564 an ounce, or 0.9% increase compared vchershniya close. Platinum for April's deliveries marked increase of almost 1% to $ 1,241.00 an ounce, while palladium for March delivery rose 1.7% to $ 814.10 an ounce, which is the largest rise of 21 November.

Varchev Finance