Gold prices are rising towards the upper range boundary and historical high. Among other factors, the increase is provoked by a rise in demand for safe assets, which is due to escalating tensions in the Middle East. Meanwhile, traders have shifted their attention to the US employment report.
This week, oil prices have shown the most significant increase in the last year and a half. The rise in risks of escalating conflict in the Middle East, which is causing alarm in global markets, has led to exceeding the previously marked level of $72. If growth continues, the resistance zone above the $76 mark is significant.