Gold and Oil - Overview as of 23.12.2024

Financial and commodity markets analytics


Gold

Gold prices stabilized before reaching the $2565 mark. However, the localized decline does not look complete. A retest of Thursday's low cannot be ruled out.

Oil

US President Donald Trump on Friday urged the European Union to increase imports of US oil and gas, threatening otherwise to impose duties on exports of goods from the EU. The European Commission said it was ready to discuss with Trump strengthening the close ties already in place, including the energy sector. Meanwhile, oil quotes are in a narrow range, holding at $67.