FXEM - EMPIRE MARKETS - Company New Article

Gold remains in a strong upward trajectory, fueled by geopolitical tensions and growing risk aversion. The metal continues to attract demand as investors seek safe-haven assets amid economic uncertainty and anticipation of U.S. monetary policy decisions.

📈 Bullish Outlook:
 If uncertainty persists, prices may extend toward $3345, and possibly $3370 in the short term.

📉 Pullback Scenario:
 A technical correction could bring prices down to retest the $3290 area.

Oil prices are rising on expectations that OPEC+ may announce additional production cuts during its upcoming May 5 meeting. Further support comes from larger-than-expected U.S. inventory drawdowns and optimism about supply management.

📈 Upside Target:
 If OPEC+ action is confirmed, Brent may climb toward $64.80, with a potential reach of $65.50.

📉 Downside Risk:
 Any signs of weakening demand or global growth concerns may drive a retreat toward $62.70.