24.12.2015 - Oil has grown due to a decline in US inventories

The price of gold shows growth after the recent downward correction. The tightening of monetary policy in the US will continue to put pressure on quotations of the metal. Negative according to our estimates will also be the expected strengthening of the dollar. Interest in gold may rise in case of a fall on stock markets, which will increase the interest in defensive assets. Demand for gold remains strong in China, due to seasonal factors. We expect low activity in the near future due to the holidays and expect a gradual decrease in quotations of gold to $ 1,000 per troy ounce.

The price of Light Sweet crude oil showed a strong rise yesterday after the publication of statistics on oil inventories in the United States, which last week fell by 5.9 million barrels per day against an expected increase of 1.4 million bpd. The price increase ,ay be supported by more cold weather. Despite the recent growth, its potential is still limited due to an imbalance of supply and demand of oil, which is likely to continue until the end of 2016. Our medium-term outlook remains negative, but we do not rule out further correction in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.