Gold

Based on the data released last Friday in the US, there were no indicators suggesting the likelihood of an aggressive rate cut by the Federal Reserve. As we pointed out last week, this situation may have weakened the interest in gold and triggered a decrease in quotes. The nearest support level, where it is necessary to monitor the behavior of market participants, is in the range of $2480.

Oil

Oil prices continued to fall amid expectations of increased OPEC+ production starting from October. However, technically, the price is in a zone where buying positions might be more interesting. Nonetheless, when planning such deals, it is necessary to take into account possible risks, which might be also triggered by the information background.