FXEM - EMPIRE MARKETS - Company New Article

Gold continues to rise, benefiting from geopolitical tensions and the weak dollar, as it recorded new record levels above 2877.00. Strong demand for safe havens reinforces the upside trend, with the $2900 level targeted as the next stop.

• Trade and geopolitical tensions: The ongoing trade dispute between the United States and China, in addition to developments in the Middle East, push investors towards gold as a safe haven.
• US monetary policy: Federal officials’ statements about slowing down interest rate cuts may limit gains, but continued inflationary concerns support demand for gold.
• Dollar and bond yields movements: The weakness of the dollar supports the rise in gold, while any rise in US yields may pressure prices.

Positive scenario: Stability above $2870 supports the continuation of the rise towards $2900 – $2925.
Negative scenario: Breaking the $2850 level may lead to a downward correction towards $2830 – $2800.
In general, the outlook remains positive as long as the price remains above 2850, while anticipating any economic or political developments that may affect the general trend.

Crude oil continues its downward movement after breaking the $72.30 level, reinforcing expectations of further decline in the short term. However, the market remains under the influence of economic and geopolitical factors that may lead to sharp price fluctuations.

• Global monetary policies: Any signs of a slowdown in the US or Chinese economy may pressure prices.
• OPEC+ production decisions: Any additional production cuts may limit the decline.
• Geopolitical tensions: Affect global oil supply and demand.

Negative scenario: Continued trading below 72.30 enhances the chances of a decline towards 71.20, then 70.30.
Positive scenario: Breaking 72.30 and holding above it may return the price to the recovery path towards 73.90.
In general, the general trend is still bearish, but any positive signals in the markets may support a corrective rebound.