FXEM - EMPIRE MARKETS - Company New Article

Gold has risen significantly, maintaining positive momentum above a key pivot area at $3050-$3020. However, it faces a significant upside barrier at $3100-$3120, which could limit further gains unless breached.

Influencing Factors:

• Today: Markets await US inflation data and its impact on the Fed's interest rate outlook.
• Demand for gold continues as a safe haven amid global economic and political volatility.

Oil is maintaining its gains above a key stability zone at $68.50-$67.80, which supports the continuation of the uptrend. Conversely, it faces a critical resistance zone at $70.20-$71.00, which could hinder further gains unless surpassed.

Influencing Factors:

• Today: Markets are following US production reports and refinery utilization rates.
• The impact of US inventory data and developments in the global energy market on price action.