FXEM - EMPIRE MARKETS - Company New Article

Gold prices jumped to $3,136 per ounce, recording a strong rise supported by increased demand for safe-haven assets.

• Stabilization zone: $3,110-$3,080, which may provide support in the event of a price correction.
• Key resistance: $3,150-$3,180, where the rise may temporarily slow.

Reasons for the rise and future expectations

• Escalating economic tensions: Concerns about a slowing global economy are boosting demand for gold as a safe haven.
• Weakening dollar: Any signs of a slowdown in the US Federal Reserve's monetary policy could support gold's rise.
• Increased central bank purchases: Strong demand for gold from some countries is strengthening the upward momentum.

Outlook: The uptrend continues, with the potential for new record highs if the supporting factors persist.

Oil prices rose to $71.35 per barrel, benefiting from declining US inventories and expectations of increased demand.

• Stabilization zone: $70.00-$68.50, which may provide support for prices.
• Key resistance zone: $72.00-$73.50, where prices may face some selling pressure.

Reasons for the rise and future outlook

• Decline in US inventories: Weekly inventory decline supported prices in the last session.
• Optimism about global demand: Expectations of increased oil consumption with the onset of the summer season may push prices higher.
• OPEC+ decisions: Any indications of additional production cuts may continue to support oil.

Outlook: Continuation of the uptrend, with the possibility of testing higher levels if fundamentals support the market.