(raw materials / closing price /% change)

Light Crude 91.68 +0.13%

Gold 1,223.70 +0.14%

Brent prices fell moderately, being at the same time near two-year low, while WTI oil prices have increased markedly. Market participants are watching the situation in Libya and Iraq, as well as assess the current data for China.

As it became known, preliminary index of purchasing managers (PMI), published by HSBC, in September amounted to 50.5 points against 50.2 in August. This value was higher than the average forecast of experts at the level of 50 points.

"Data on the PMI market reduced concern that slowing growth will affect demand in China. Today it is the basis for the price increase, "- said the analyst Samsung Futures Inc. Sung Hung Chi. According to the International Energy Agency, this year the share of China will have about 11% of world oil consumption.

However, market participants do not expect a further rise in oil prices. "Although the data for China are pleasantly surprised, the effect is not as large as the market is now more concerned about the proposal, rather than demand," - analyst Landesbank Baden-Wuerttemberg Frank Klump. According to OPEC, the cartel's production countries rose in August to 230 thousand. Barrels per day to 30.34 million barrels, or 0.5 million barrels higher than production in June.

Many investors now expect to report on commercial stocks in the United States for storage the previous week, which will be presented tomorrow. It is expected that crude oil inventories to rise slightly to 750 thousand barrels, distillate 300 thousand, and gasoline consumption will be reduced by 350 thousand. Any deviations from the predictions of 1 million. Barrels and above may be the reason for large-scale movements.

Small effect also had reports that the United States for the first time in conjunction with the five partner countries began air strikes on positions applied group "Islamic State" on Syrian territory. Air strikes are part of the military campaign, the Obama administration has approved nearly two weeks ago and aimed at the "deterioration and, ultimately, the destruction of" militants.

The cost of the November futures for the American light crude oil WTI (Light Sweet Crude Oil) rose to $ 91.59 a barrel on the New York Mercantile Exchange (NYMEX).

November futures price for North Sea Brent crude oil mixture fell $ 0.14 to $ 96.80 a barrel on the London exchange ICE Futures Europe.

Gold prices rose today, closer to one-week high, which was due to geopolitical factors and speculative buying. But gold is still near nine-month low after last week the Fed reduced its bond-buying program by $ 10 billion.

Today, the demand for the precious metal has recovered after the United States announced that for the first time on Monday with five partner countries began air strikes on positions applied group "Islamic State" on Syrian territory. Air strikes are part of the military campaign, the Obama administration has approved nearly two weeks ago and aimed at the "deterioration and, ultimately, the destruction of" militants.

Meanwhile, we add that the rise in prices is constrained by the strengthening of the dollar: it lowers the metal's appeal as an alternative asset and rises in the price of dollar-denominated commodities for buyers in other currencies. The dollar against a basket of six major currencies held just below four-year high due to expectations of an early rise in interest rates the Fed.

However, investment demand for gold bullion continues to decline. The assets of the world's largest holder of gold investment institutions ETFs SPDR Gold Trust at the end of Monday fell by 1.79 m and fell to the level of 774.65 m - the lowest rate since December 26, 2008.

"Investors withdraw funds from precious metals, seeing a reduction of risks in the world and the strengthening of the dollar, said the director of ETF Securities Danny Leydler. - "We believe the current price of gold is very attractive for long-term investors."

Apparently, today the price of gold price dynamics limited support level of $ 1207.00 per ounce and resistance level $ 1,240.0 an ounce, experts say.

The cost of the October gold futures on the COMEX today rose to 1221.50 dollars per ounce.