(raw materials / closing price /% change)

Light Crude 93.32 -0.03%

Gold 1,277.00 -0.15%

Brent prices rose moderately, while rising above $ 102 per barrel, while WTI oil prices fell slightly. Support prices have geopolitical problems in Ukraine and Libya, while the increased bid restrains growth.

It is learned that Libya has shipped a second tanker from the port of Es Sider, despite fighting in the capital Tripoli on the weekend. Last week, Libya has increased oil production to 612,000 barrels per day, compared with 1.4 million a year ago. Meanwhile, data showed that the export of oil from Iraq in July 2014 increased by 5% year on year to 2.442 million barrels per day. Compared with the previous month, the volume of exports has not changed. In June 2014, Iraq exported 2.427 million bpd. Total exports in July were shipped 75.7 million barrels of oil fields located in the province of Basra. Total income from oil exports in July totaled $ 7.742 billion.

Market participants are also waiting for tomorrow's meeting of Russian President Vladimir Putin and the President of Ukraine Petro Poroshenko. Last week, Ukraine named breakthrough of several dozen Russian trucks across the border "direct invasion" by Russia and accused the Kremlin of preparing provocations. Meanwhile, the Russian Foreign Minister Sergey Lavrov said that Russia wants to organize another convoy to Ukraine in the coming days.

"Oil prices are likely to stabilize, so we do not expect them to further decline. Risks to supply are significant, "- said Commerzbank analyst Carsten Fritsch.

This week, investors will be watching a series of key economic indicators of the United States, as market players would like to see further hints on the strength of the recovery and the possible ways of development of monetary policy. On Thursday, the United States, there are data on GDP growth in the second quarter. During the week the United States will also publish reports on orders for durable goods and initial applications for unemployment benefits.

The cost of the October futures on American light crude oil WTI (Light Sweet Crude Oil) to the present moment has dropped to $ 93.50 a barrel on the New York Mercantile Exchange (NYMEX).

October futures price for North Sea Brent crude oil mixture rose $ 0.89 to $ 102.70 a barrel on the London exchange ICE Futures Europe.

Gold prices fell slightly today, approaching at the same time to two-month low, due to the strengthening of the dollar and expectations of rising interest rates the Fed. Experts note that the steady growth of the American economy could lead to an increase in Federal Reserve interest rates, which are already beginning to affect the formation of the price of gold, which becomes less attractive as a tool for hedging inflation. Over the past month, hedge funds reduced bets on gold was in the 4 th time. Total open interest in futures and options in New York City almost reached the 5-year low. As a result of the fall of quotations for the precious metal by 2%, which was not in May, the assets of gold exchange-traded fund (ETF) lost $ 1.2 billion.

"In terms of market sentiment, I think it's a negative price reduction. Every time the price can not hold above $ 1,300, starts disappointment "- said a senior dealer at Lee Cheoung Gold Dealers in Hong Kong Ronald Leung. "The Fed chief Janet Yellen said earlier about the possibility of rising interest rates. All these factors have a negative impact on gold. The only good news - this increase in demand at that price level, "- said Leung.

As for today's events, the attention turned to data on the United States, which showed that the results of last month sales of new buildings in the United States declined significantly, registering with the second consecutive monthly decrease. However, experts point out that the growth of real estate stocks on the market and moderate price increases should help to stimulate demand in the coming months. According to the report, the seasonally adjusted new home sales fell by 2.4 percent to an annual rate of 412,000 units, the lowest level since March. Sales for June were revised upwards - to the level of 422 thousand. 407 thousand. Units. Economists forecast that new home sales to rise to 426 thousand. Units. The Ministry of Commerce also said: inventories of new homes on the market increased by 4.1 percent - to 205, 000 units, the highest since August 2010. In view of the July sales pace will require 6.0 months to implement all the stocks (the highest rate since October 2011). Recall that in June this ratio was 5.6 months.

We also add that the margins on gold bars in Hong Kong rose to $ 0,70-1,10 per ounce to prices in London from $ 0.50-1.00 last week due to sales to jewelers. Margins in Singapore held at the level of $ 0.80-1.00 to London prices.

The cost of the October gold futures on the COMEX currently down to $ 1276.00 per ounce.

(raw materials / closing price /% change)

Light Crude 93.36 -0.31%

Gold 1,281.80 +0.12%