The price of gold continued to rise and reached an important level of $ 1,200 per troy ounce, which was due to the weakening of the dollar in the previous days, as well as increased concerns over a default by Greece in connection with another unsuccessful negotiations on the reforms necessary to restructure the country's debt. In addition, statistics on inflation in the US showed an increase in consumer prices in May by 0.4%, against 0.1% in April and forecast growth of 0.5%. Further strengthening of the US dollar will have a negative impact on the gold price, but our medium-term outlook remains positive.
The price of Light Sweet crude oil price has stabilized after yesterday's growth and continues to consolidate in anticipation of new incentives at the movement. Offer on oil market still exceeds demand, but the number of active rigs in the US continues to decline, but its pace has slowed. Oil prices above $ 60 per barrel is acceptable for many producers of shale oil. In addition, OPEC countries continue to produce about 31 million barrels of oil daily, and the lifting of sanctions against Iran may increase this figure. Our medium-term outlook for oil remains negative.