Market Overview Analysis by Investing.com (Günay Caymaz) covering: XAU/USD, US Dollar Index Futures, Gold Futures, Crude Oil WTI Futures. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Meanwhile, both crude oil and gold have experienced minor corrections following their significant surges
While the postponement of the operation was attributed to weather conditions, ongoing concerns about the region persist. However, while last week's jump indicates that there will be an increase in dollar demand in case of increased tension, technically there are some signals that the upward trend may continue.
The gold market, which started the week with a slight decline after the last daily value increase, was influenced by the fact that the operation did not start at the weekend and the tension eased to some extent. While the current developments and technical outlook signal that the trend may continue, a retreat to an average of $1,880 below $1,915 in the lower zone can be considered reasonable.Oil, which increased its volatility with the start of conflicts in the Middle East, rose sharply by up to 5% on Friday, reaching the $87 band, amid expectations that tensions would peak at the weekend.
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