Gold

On Thursday, gold prices fell by 1%, reaching their lowest level in two weeks. The fall in gold coincided with a rapid decline in the US stock market in general and the technology sector in particular. Markets are awaiting U.S. gross domestic product data and personal consumer spending (PCE) data on Friday to adjust their expectations regarding the timing of rate cuts.
Technically, the decline in quotations is absolutely logical and continues to return prices towards inside the range. At the moment, the price is being held by support around $2,360. The next target is around the $2,330 level. The publication of data on the United States may act as a catalyst for movement in one direction or another.

Oil

Oil prices also fell on Thursday, amid signals of lower demand from China, overshadowing the previous day's data, which showed a significant reduction in oil reserves in the United States. China's oil imports and refining volumes were lower this year than in 2023, amid weak fuel demand and slow economic growth, government data show.
Technically, oil has overcome the $77.50 zone. The nearest support may be around $75.70, however, the more significant one is in the range of $72.00-73.50.