FXEM - EMPIRE MARKETS - Company New Article

Gold is trading at $2,989 per ounce, making new gains as pressure on the dollar continues and demand for safe havens increases amid economic uncertainty.

• Upside scenario: Continued positive momentum could push gold to test the $3,000 level, and if breached, the rally could extend to $3,020-$3,050.
• Bearish scenario: If prices decline, a break of $2,965 could lead to a decline towards $2,940 and then $2,915.

Investors are awaiting any developments in US monetary policy and inflation data, which could impact gold's movement in the coming sessions.

Oil is currently trading at $66.83 per barrel, amid ongoing volatility due to varying global demand forecasts and developments in energy markets.

• Upward Scenario: If oil succeeds in surpassing $67.50, it may target $68.30-$69.00.
• Bearish Scenario: Any break of $66.20 may increase selling pressure and push prices towards $65.50 and then $64.80.

Markets are awaiting US inventory data and geopolitical developments that may impact price action in the coming sessions.