The cost of oil futures rose modestly today, but despite this , continued to be near five-month low , which was associated with the release of a positive report on the United States, which is fueling a chance that the Fed will cut its incentives.

Note that in the first half of the day the oil quotations were moving in different directions - the cost of Brent held in positive territory in relation to yesterday's close , while the fall in the price of WTI .

The positive dynamics of quotations Brent was also due to technical purchases . Over the past three days, the official price of Brent crude fell more than 2.6% , and for the first time since early July established below $ 104 ? providing technically attractive conditions for opening long positions. The increased interest in buying oil futures was formed after the morning Brent oil futures for the first time in four months slipped below the price level of $ 103 per barrel.

The course of trading also contributed information on how the U.S. can go to some easing of economic sanctions against Iran in response to its strides in its nuclear program. This was announced by U.S. President Barack Obama . He noted that mitigation will be " insignificant," and the structure of sanctions will remain unchanged and the United States " will always be able to reverse ," if Iran does not accept a deal with the international community over its nuclear program . " Passing the talks ( between Six international mediators and Iran ) are about how Iran will fulfill its international obligations and to provide assurances not only to us but to the whole world that he is not developing nuclear weapons, saying its nuclear program is peaceful ," - said President . Barack Obama said that " an agreement with Iran on the atom is much more preferable " than whipping up tensions that could lead to confrontation.

Add that signs of easing relations between the U.S. and Iran emerged after the arrival of the new Iranian leadership . According to incoming reports, the U.S. secretary of state John Kerry toured the Middle East , will make an unscheduled stop in Geneva for a meeting with Iranian Foreign Minister Javad Zarif .

The cost of the December futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 94.49 a barrel on the New York Mercantile Exchange.

December futures price for North Sea Brent crude oil mixture fell $ 1.00 to $ 104.42 a barrel on the London exchange ICE Futures Europe.

Gold prices declined significantly today , reaching at this three-week low as the dollar jumped after a report on U.S. employment . Note that the better-than -expected data , increases the likelihood that the Federal Reserve will reduce the amount of their economic stimulus programs until the end of the year.

In the U.S. Department of Labor reported that the number of jobs outside agriculture in October rose by 204,000 . This is much higher than the forecast of economists who had expected an increase of 124,000 . Data for the previous two months were revised up by a total of 60,000 . September growth was revised up to 163,000 from 148,000 the initial assessment , and August - to 238,000 from 193,000 .

The data also showed that the number of jobs in the private sector in October rose by 212,000 . This is the strongest growth since February , and he points out that the company ignored the suspension of the government last month.

The average increase in jobs over the past three months now exceeds 200,000 , which corresponds to the strong growth recorded at the beginning of this year.

Meanwhile, it was reported that the unemployment rate , which is calculated on the results of a separate survey of households , rose slightly - to 7.3 % from 7.2 % in September , while confirming economists' forecasts .

It is worth noting that this weekend will begin a key meeting of the Communist Party of China, which it will last 4 days. During the meeting should be made public policy priorities for the next decade , and this can trigger the growth of gold prices.

Now the price of gold is 31% lower than the peak level reached in September 2011 While the long-term trend in the market can be described as bearish, analysts point to the demand from Asian investors , as a reason for optimism.

" The content of the reforms will be painful and disruptive , and I suspect that many Chinese investors will seek safe assets , and will go for gold - says the managing director and chief strategist for Silvercrest Asset Management Patrick Chovanets . - This will be especially true if the real estate bubble burst. for the Chinese buying and the accumulation of "empty " assets perform the same function as the investment in gold, as they both have the property of preserving unproductive cost. so if the real estate market will be a correction, many Chinese investment will turn into gold. "

The cost of the December gold futures on COMEX today dropped to $ 1286.70 per ounce.

GOLD 1,305.40 -12.40 -0.94%

OIL (WTI) 94.24 -0.56 -0.59%