Gold

The situation in the gold market remains uncertain. Quotes continue to be confined within a relatively narrow range. However, the market is awaiting the publication of US inflation data, which will be released on Thursday. This data could potentially reflect on expectations regarding US Federal Reserve policy and therefore impact the value of the US dollar relative to other assets, including gold.

Oil

On Tuesday, the price of WTI crude oil decreased by more than $2, after hitting a resistance zone technically located within the range of $76-78.5, which we had previously noted. This does not indicate a change in trend, however, correction is possible.