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    Forex News from New Forex: Oil returns to a rise

    In the trading on Thursday oil prices advance. On the Mercantile Exchange in London Brent with the delivery in August jumped 1.02% to $50.39 a barrel. On Wednesday black gold shed 1.46% ahead of the referendum in the UK.

    WTI futures climbed 1.12% to $49.68, on 22 June it lost 1.44% as oil inventories in the US dropped last week by 0.9 mln. barrels to 530.6 mln. After a 13-year low at $26.05 a barrel hit in February 2016, crude oil advanced 85%.

    Gold hit a 2-week low on Thursday. Spot gold slipped to 0.3% to $1,262.26 a troy ounce. Gold futures with the delivery in August edged down to 0.13% to 1.268.40. Meanwhile, silver futures managed to gain 0.45% to $17.39.

    Gold holdings in the SPDR Gold Trust increased by 0.39% to 915.90 tonnes, a high since October 2013.

    NewForex Analyst

    Sara Rosenstein


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