21.09.2015 - Oil will continue to consolidate

The price of gold stabilized around the level of $ 1,140 per troy ounce and adjusted downward at the end of the week despite the strengthening of the US dollar. It is worth noting that the demand in India remains weak in spite of the holiday season. Keeping interest rates the Fed maintains interest in gold. In addition, the demand for protective assets can grow in case of decrease on the stock markets. Growth can continue in the near future, but there is a likelihood of price correction in the near future.

August 10, 2015 of XAU-USD Performance

The price of Light Sweet crude oil fell before the weekend despite the weakening US dollar on Thursday. The reason for the decrease in quotations were concerns about the slowdown in the global economy, prompting the Fed to refrain from raising interest rates within the normalization of the Fed's monetary policy. The excess of supply of oil on the market is maintained, but the expected reduction in production of shale oil in the US will be able to partially neutralize the impact of the growth of exports of Iranian oil. We expect falling prices in the medium term and its consolidation in the near future.

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