Gold and Oil - Review from 15.10.2024

Financial and commodity markets analytics


Gold

The economic calendar for this week does not contain a large number of significant publications. Gold quotes remain in the middle range. An attempt to decrease was interrupted after updating the local minimum, and traders are waiting for new data.

Oil

Meanwhile, the price of oil has resumed its decline and is approaching a significant support zone. Upon testing the zone located below the $68 level, the market dynamism and actions of participants will need to be assessed. Conditions may be forming for purchase deals.