OLE Hansen

Brent crude is again drawing attention to the $130 zone after trading as high as $126.41 on April 30, its strongest level since March 2022. FXCOINZ examines why traders are watching $100, $120 and $126 as critical markers in a market shaped by disrupted flows, falling inventories and hard-asset repricing.

Gold is trading at $4,381.70, within reach of a key $4,400 level that technical traders are watching for confirmation of renewed upside momentum. Persistent U.S. fiscal deterioration, rising interest costs and pressure on the dollar are keeping the debasement trade at the center of market attention.

Gold’s pullbacks near $4,000 are increasingly being treated as buying opportunities, raising the prospect that the level could become a new structural base. Central bank demand, a potentially weaker U.S dollar and silver’s industrial growth story are keeping precious metals firmly in focus.