FXEM - EMPIRE MARKETS - Company New Article

Gold continued its upward momentum, supported by ongoing U.S.-China trade tensions, a weakening dollar, and rising concerns about a global economic slowdown. Additionally, the growing expectations of central banks easing monetary policies further boosted demand for gold as a safe haven.

📌 Outlook:
 If risk sentiment persists, gold may test levels near $3,345 and possibly $3,360, while $3,285 could act as a temporary pause point in case of profit-taking.

Oil prices recovered on renewed optimism that OPEC+ may discuss deeper output cuts in its next meeting on May 5, 2025. Meanwhile, U.S. inventory data came in lower than expected, further supporting the rally.

📌 Outlook:
 If current trends continue, prices could test $63.20 and potentially $64.00, while $61.80 may serve as a nearby watch level for pullbacks.