A new drop for precious metals and oil

Noble metals and oil dropped today after the US dollar rises again. Gold again returned at a trading rate of $1,210, and we can see a psychological limit test of $1,200 per ounce.
The silver is traded at levels of $15.30 per ounce, or close to the lowest levels for the last one year. Platinum is exchanged at 825 dollars per ounce.
Meanwhile, the price of oil fell somewhat after its strong rise at the start of the week. Data released indicated a reduction in oil and petroleum stocks in the United States, in enforced sanctions against Iran.
US crude oil fell by nearly 30 cents to $69 a barrel, and the Brent to $73.80 a barrel.
We can recall that the Brent came back at trading levels above $74 a barrel after US sanctions against Iran came into force yesterday. It is expected Iran's production to cut by about 1 million barrels, from its current level to nearly 3 million barrels.

The rally in the precious metals market continues

Precious metals continue from the beginning of 2017 to show impressive results, while silver prices rose the ninth consecutive week. Back on the market of precious metals investors were forced by the political risks in Europe, related to the upcoming elections in the Netherlands on March 15, in France at the end of April and in Germany in October, as well as the uncertainty surrounding the future of economic policy in the United States. Additional support to demand, resumed after a strong sell-off, which lasted until mid-December, had a closing of the trade deals after the victory of Donald Trump, which led to a decrease in US T-bills and dollar rates of return.