24.06.2014 - U.S. State Secretary has calmed oil traders
The price of gold continues to move near 1315-1320 the levels dollars per troy ounce. Traders have taken a wait and expect the new signals to determine further movement. High prices is supported by inflation growth in the U.S., statement saying that interest rates of the Fed will be at a high level for a long time and hostilities in Iraq. Today the course of trading may be affected by the data on the housing market in the U.S. (14:00 GMT). We maintain our positive expectations for the price of gold in the medium term.
Oil prices have declined significantly after the announcement that the U.S. Secretary of State John Kerry after a meeting with the Prime Minister of Iraq said that a disruption of oil supplies from Iraq are unlikely. This statement significantly reduced tension among traders, but given the ongoing risks, the price of American benchmark Light Sweet crude oil slowed the fall and consolidates above 105.50. Price decline may continue, but the situation in Libya and Iraq will maintain them at a high level.