Gold prices rose on Monday amid a possible reduction in interest rates in the United States and growing geopolitical tensions. Quotes have again approached the upper limit of the range and the $2,450 level, above which resistance may increase significantly.
Oil prices increased for the fifth consecutive session on Monday, continuing to rise by more than 3% over the previous week. The growth comes amid easing fears of a recession in the United States and geopolitical tensions. At the moment, the quotes are facing local resistance around the $76.50 mark, which we wrote about last week.
It is necessary to take into account the empty publication calendar on Monday. Market volatility may increase during the North American session, however, low-volatility trading throughout the day cannot be ruled out.