Gold

Gold prices rose 0.5% to $2,644.91 per ounce, after falling 1% last week. Market participants are awaiting US inflation data that will determine the Fed's next steps. A possible rate cut of 25 basis points is already estimated by the market at 83.4%. Gold is supported by the resumption of purchases by China after a six-month pause, which strengthens the position of "bulls". However, a strong dollar with a "hawkish" decision of the Fed may weaken prices. Geopolitical uncertainty, such as the events in Syria, also increases interest in gold as a safe haven asset.

Oil

Oil prices show multidirectional dynamics: Brent fell by 1 cent to $71.11 per barrel, and WTI rose by 1 cent to $67.21. The main pressure is due to weak demand in China, the largest importer of oil, which led to a decline in Saudi Aramco prices to their lowest since 2021. At the same time, geopolitical tensions are rising due to developments in Syria, raising fears of possible destabilization in the Middle East. OPEC+ postponed production increases until April 2025 and extended cuts until the end of 2026, but a projected supply glut is limiting price increases.