FXEM - EMPIRE MARKETS - Company New Article

Gold is trading at $2,868, affected by the rise in US bond yields and the strength of the dollar, which is pressuring the precious metal. As markets await US inflation data this week, investors continue to assess the expectations of the Federal Reserve’s monetary policy.

• Upside scenario: Breaking the $2,880 level could enhance gains towards $2,900 and then $2,925.
• Down scenario: Continued selling pressure could push the price to break $2,850, which increases the chances of a decline towards $2,830 and then $2,800.

Gold remains under the influence of dollar movements and global geopolitical and economic developments.

Oil is trading at $69.16 amid pressure from concerns about slowing global demand and rising US inventories, while markets await developments in monetary policy and geopolitical tensions that may affect prices.

• Bullish scenario: Breaking the $70.00 level may support an increase towards $71.50 and then $73.00.
• Bearish scenario: Breaking the $68.50 level may open the way for further decline towards $67.00 and then $65.80.

Oil movement remains linked to developments in the global economy, expectations about OPEC+ decisions and the US Federal Reserve policies.