Dynamics
On Friday, Jan. 15 quotes for gold and silver have completed trades with a decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas.

As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX) quotes gold futures dropped 12.50 to 1130.50 on dollars per troy ounce, quotes, silver futures fell 23 cents to 18.43 dollars per ounce.

Causes
On Friday 15 January futures on precious metals have completed trades with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market to the weakening of the tendency of investors to take risks after the economic makrostatistiki and news related to credit in Europe and the global economic recovery, 2 - negative dynamics of the neighboring markets, namely the drop in oil prices, the fifth consecutive day, and 3 - the fall of the stock sites, where the major U.S. stock indices closed in the red zone against the backdrop of negative quarterly reports (Dow Jones industrial average - 10609.65 (-100.90, or -0.94%), Nasdaq Composite - 2287.99 (-28.75, or -1.24%), SP 500 - 1136.03 (-12.43, or -1.08%)), 4 - lack of inflationary pressures has prompted some traders sell futures for gold to leveling or reduction of positions in anticipation of the three-day weekend on the occasion of Martin Luther King in the United States. Investors are also buying gold to hedge against inflation, and successfully carried out last week”s auction on placement of U.S. Treasury bonds suggest that inflation does not pose a serious risk to the bond market.

From news can note the message from the Canadian manufacturer of gold and silver Gammon Gold to reduce output in the 4 th quarter of the mine Ocampo. Thef02company produced 64.007 million ounces of gold equivalent, lower than the 73.766 million ounces produced a year earlier. Cost of production ounces increased from 364 to 422 dollars. To reduce output led torrential rains in October and technical problems. Release of silver fell by 10%, up to 1 million 481.733 thousand ounces.

What to expect?
Traditional purchase of precious metals in the early years of the funds, the overall improvement in investor sentiment, as well as decrease the U.S. dollar will provide sustained support to the quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.

Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.

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