The price of gold shows growth amid expectations of a gradual increase in interest rates of the Fed. Earlier, representatives of the American regulator announced its intention to make 4 increases by 0.25% each in 2016, but the scenario according to a large number of experts is unlikely. In addition, growth is supported by fixing of positions and the increased demand for gold in China due to the holiday season in the country during which consumption is growing jewelry. In case of continued growth in the near future, is likely the change of the current negative trend to the positive. At the moment, there is an opportunity for the sale of gold with a short stop.
The price of Light Sweet crude oil is corrected upwards, but in general, continues to consolidate near the lowest levels since 2009. Congress decision to allow the export of oil from the United States may lead to a reduction of reserves in the country, but the pressure on the stock will have an excess of supply on the market and the expected growth after the lifting of sanctions against Iran, which will lead to an increase in supply by 500 thousand barrels per day to 1 million barrels in 3 months after the lifting of restrictions. We expect falling prices in the medium term, but we can see a correction in the near future.