Dynamics
On Monday, Jan. 18 quotes for gold and silver have completed trades with a slight increase in price against falling U.S. dollar in the currency market FOREX, and also because of the positive trend of the stock markets and adjacent areas.

As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX) quotes gold futures rose by 3.35 to 1133.85 dollars per troy ounce, quotes, silver futures rose 21 cents to 18.64 dollars per ounce.

Causes
On Monday 18 January futures on precious metals have completed trades with a slight increase in price by the following factors: 1 - a slight drop in the dollar in the FOREX market against the backdrop of increasing risk appetite after the release of economic news and makrostatistiki 2 - strengthening of the stock sites, where major stock indexes in Europe were closed in the green zone (FTSE100 - 5494.39 (39.02, or 0.72), CAC40 - 3977.46 (23.08, or 0.58), Xetra DAX - 5918.55 (42.58, or 0.72)) - Financial U.S. markets were closed Monday in observance of Martin Luther King Day 3 - the positive dynamics of the neighboring markets, namely, enhancing the price of oil, 4 - technical factors, namely, that the market is weak technical trade. At the time, while the market of silver and gold is consolidation in the market of platinum and palladium is observed the rally. Metals, because of their low liquidity has long been undervalued. Currently there is a restoration of their value relative to gold and silver.

From news can note that the production of gold in South Africa in November, declined again. Compared with the same period last year it fell by 4,9%. Once South Africa was the world”s largest producer of gold, but now occupies the third position after China and Australia, after the gold production fell last year by 5%. Analysts believe that the fall in gold production will slow the pace of economic recovery the country after last year”s recession. Gold is the main source of foreign exchange in South Africa.

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.

Dynamics of oil continues to disappoint the players, shares of Transneft reduced by 2,9% after yesterday”s rise
Shares “peak” substantially add to costs against recovery in demand for residential and commercial property
If the report adds Citigroup negative, the Bears” support of the strikes at 1460 points on the MICEX
Prices for nickel in 2010 will be under pressure
The technical analysis of currency pairs 19.01.2009
Poland may forgive the debt to Gazprom for gas transit
Experts do not like the fuel of Ukrtatnafta
Hryvnia turnover of electronic payments via WebMoney in 2009 rose to 1.4 billion UAH
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather …