The price of gold yesterday showed growth against the background of weak statistics on the volume of orders for durable goods in the US, which in August fell by 2.0%. This fact points to the risks in the US economy and have a negative impact on the country's stock market. At the same time, growth was replaced by a correction after the statements of the Federal Reserve with respect to the expected increase in US interest rates before the end of this year. Today, it is worth paying attention to the final report on the growth of US GDP in the second quarter (12:30 GMT) and the index of consumer confidence for September (14:00 GMT). Rising of price may continue in the near future, but the upward trend will not be long.
The price of Light Sweet crude oil fell after the release of weak statistics on the volume of orders for durable goods in the US, which fell by 2.0% in August. Despite this quotation could bounce upwards due to technical factors. Investors are waiting for today's statistics on the growth of US GDP in the second quarter. The excess supply of oil, which at present is about 2.5 million barrels a day, waiting for the resumption of oil supplies from Iran will compensate speculation about a possible decline in oil production in the US, we expect falling prices in the medium term, but the price is likely to continue to move around the current levels in the soon.