Gold

Gold prices rose to a weekly high on Tuesday, supported by a weaker US dollar, while the market is awaiting additional comments from Federal Reserve officials for clues on future Fed policy. The $2470-2530 range acting as support remains relevant.

Oil

As we suggested on Monday, the weakening of the US dollar provoked a renewed growth of oil quotations. Also, the rise in prices is taking place against the background of suspension of production at one of the Norwegian oil fields. The zone around the $72 mark acts as a local resistance.