Dynamics
On Friday, January 8, quotes on gold and silver have completed trades with the increase in value against the devaluation of the dollar in the currency market FOREX, and also because of the positive trend of the stock markets and adjacent areas, and for technical reasons.

As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 5.20 to 1138.90 dollars per troy ounce, quotes, silver futures rose 13 cents to 18.47 dollars per ounce.

Causes
On Friday, January 8, futures on precious metals have completed trades with the increase in value under the following factors: 1 - the fall of the dollar in the FOREX market against the backdrop of a monthly report on employment in the U.S. (in December, the number of jobs in United States outside of agriculture fell by 85 000, while the forecast assumes -11 000), which was worse than expected, while market participants felt that such data reduce the likelihood of interest rate increase by the Federal Reserve System, 2 - positive dynamics of the neighboring markets, namely, the rise in oil prices, and 3 - to strengthen the stock sites, where the major U.S. stock indexes were strengthened due to higher shares of industrial companies and representatives of commodity and commodity (Dow Jones industrial average - 10618.19 (11.33, or 0.11%), Nasdaq Composite — 2317.17 (17.12, or 0.74%), SP 500 - 1144.98 (3.29, or 0.29%)), 4 - technical reasons: the price of gold broke the level of 1130.00 USD, which was another positive sign for the trading day. The March silver futures reached a maximum of 18.53 dollars, its highest level since December 7. Recently, silver receive additional support in connection with his status as an industrial raw material. In particular, positively affected Asian quotes silver production data.

What to expect?
Traditional purchase of precious metals in the early years of the funds, the overall improvement in investor sentiment, as well as decrease the U.S. dollar will provide sustained support to the quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.

Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.

Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather …


Strong growth today are allocated shares of Norilsk Nickel, Uralkali and Severstal
By the end of today”s trading is not an attempt to exclude minor profit-taking
If the rise in oil prices stood at $ 84.5 - $ 85 per barrel, then the bull would be difficult to overcome the level of 1500 points on the MICEX
In Ukraine the lowest wages in Europe
Opinion: After the elections we can expect the devaluation of the hryvnia
Forex on the European session
“Ukraine” took the audience
Celebrities raising money for victims in Haiti