Prices for WTI crude oil rose to its highest level in 16 months, while the Brent price fell slightly, which was associated with the decision of the People's Bank of China deregulate interest rates and allow banks themselves set the rates on loans. As part of measures to normalize the flow of capital and the maintenance of slowing economic growth, China has adopted a decision on the liberalization of interest rates, and as an important first step declared his intention to remove the lower bound on the official rates of bank lending. The People's Bank also announced on its website that it will terminate the control of interest rates on discount bills. However, he will continue to monitor the deposit rate.

We also add that the impact on the bidding had a decision of the international rating agency Moody's changed the outlook on the U.S. sovereign credit rating from "negative" to "stable." We also add that he affirmed at AAA. The negative outlook on the rating of U.S. debt was assigned in August 2011.

The agency's analysts point out that the main factor for improving rating outlook became the administration's efforts of the United States to combat the budget deficit, experts also Moody's took into account the growth of the U.S. economy, which is ahead of other states, whose bonds were assigned the highest rating.

Special attention Moody's have been awarded the U.S. dollar as the main global reserve currency and debt obligations of the Federal Treasury, which remains one of the safest ways to invest money investors worldwide.

The main vulnerability to a "stable" outlook on U.S. debt to Moody's called the likely slowdown in GDP growth and a possible increase in social spending government in connection with health care reform.

We also add that WTI oil futures rise in price due to lower foreign exchange value of the U.S. dollar. On the eve of the dollar index peaked three days, surpassing the mark of 82.8 points, and today the indicator slipped below 82.6 points, providing a technically attractive terms for purchases of crude oil and other commodity asset prices are set in U.S. currency.

The cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 108.29 dollars a barrel on the New York Mercantile Exchange.

August futures price for North Sea Brent crude oil mixture fell to $ 108.38 a barrel on the London exchange ICE Futures Europe.

Gold prices rose markedly today, adding to its market value of about 1%, which helped secure a second weekly gain, helped by the depreciation of the dollar. It should be noted that the weakening of the U.S. currency due to lower concerns about the fact that the U.S. Federal Reserve will withdraw the monetary stimulus in the near future. Earlier this week, Fed Chairman Ben Bernanke said that all future plans in respect of the Fed asset purchases will depend on the strength of the economy. Note that the ultrasoft monetary policy that maintains the pressure on long-term interest rates and fueling fears of inflation, was the main factor behind the increase in gold prices in recent years.

Data presented today also showed that the outflow of gold from the largest gold exchange-traded fund in the world of SPDR Gold Trust, slowed to 3.9 tons this week with 22.9 tons last week. We also add that on Thursday, stocks fell by almost 1 tonne to 935.17 tonnes - the lowest figure since 2009. Investors said earlier this week there was evidence of what is expected of a significant sales ETFs.

In addition, published by the Central Bank of Russia data showed that the volume of stocks remained unchanged in June, which happened for the first time in nine months, when prices fell by more than 10% - to the lowest in nearly three years. We also note that Russia was the largest buyer of gold in the formal sector in the last decade.

The cost of the August gold futures on COMEX today rose to a high of $ 1293.30 an ounce.

Change % Change Last

GOLD 1,283.30 5.80 0.45%

OIL (WTI) 108.09 1.61 1.51%