GOLD

Gold prices have strengthened at the beginning of the week, amidst a weakening dollar and decreasing Treasury bond yields following the speech by the US Federal Reserve Chairman, Jerome Powell. Currently, it is clear that quotations failed to consolidate below the level of $2500 and the price dynamics are ascending. Therefore, it would be relevant to look for reasons to buy under suitable conditions from a risk and potential movement perspective.

OIL

Last week, we wrote about the high probability of a resumption of oil price growth from the $72 level zone. This scenario has developed. Also, prices continued to rise on Monday amid concerns of escalating conflict in the Middle East. In case of continued growth, the nearest target will be the zone around the $78 mark.