Gold

Gold prices rose 0.3% to $2,688.29 per ounce on Friday, preparing to end the week with a gain of more than 2%. The growth is supported by the resumption of gold purchases by China and expectations of a 25 basis points Fed rate cut (96.4% probability). Gold futures remained stable at $2,711.30. Despite the recent 1% drop in prices due to profit taking, low interest rates and macroeconomic data continue to create a favorable environment for gold.

Oil

Oil prices ended the week with gains thanks to the prospect of tougher US sanctions against Iran and Russia. Brent held above $73 per barrel, up 3% for the week, while WTI traded around $70. Increased sanctions pressure has caused a surge in options activity with a buying bias. However, the market remains concerned about global oversupply next year, despite OPEC+ decision to postpone production increase. According to analysts, prices will remain in a narrow range until the inauguration of Donald Trump.