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Thursday 2 August 2018

The metals and the brent become cheaper

The appreciation of the US dollar after the Fed hinted that it would raise more interest rates this year, had an adverse effect on the prices of precious metals and oil.
Silver fell to 15.40 dollars per ounce, while platinum fell to 815 dollars per ounce. Gold is traded early this morning at $1,217 an ounce.
Oil has also been affected by the appreciation of green money and has continued its decline since the last two days. On Wednesday the raw material lost 2.5% of its value.
Earlier this morning, the Brent was traded at $71.90 a barrel and US crude at $68.4.
Oil prices are influenced by the effects of continuing tensions in world trade, but market participants are worried about any slowdown in economic growth around the world.


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