The gold with the biggest loss last week since the beginning of the year

Gold fell on Friday, focusing on its biggest weekly decline since the beginning of the year, following the rise in the dollar. The US currency rose from its three-year low two weeks ago as a result of higher interest rates on US government bonds.
The spot price of gold fell 0.1% to 1 330.5 dollars per ounce, which was its fifth consecutive losing session of six sessions. The precious metal futures are traded without substantial change at a level of $ 1,332.90 per ounce.
The spot price lost 1.4% of its value this week, or the biggest weekly decline since early December. This happened after the failed resistance break at $1,360 per ounce.
Stock market volatility rose substantially this month, largely contributing to the appreciation of the metal. However, expectations for higher inflation and three interest rises, respectively, had a negative impact on gold and supported the US dollar.
On the physical market, gold purchases were weak after the Chinese New Year passed, commented more market observers.

The oil officially entered the bearish market. Next target - $30

Oil has officially entered the bearish market after its fall yesterday. Poll Siana from Bank of America Merrill Lynch, commented in an interview with CNBC that based on graphics, oil may be headed for a level of $30 a barrel. These are levels unprecedented since April last year.
According to the technical analyst, the depreciation of oil can in practice serve as a rally for the bond markets. There is a backward movement between bond prices and oil, so if this dependence continues, the depreciation of oil can lead to a rise in bond prices.
In addition, stocks may also be in trouble if the price of oil falls. While there is no direct correlation between the potential oil depreciation and index levels, such a decrease could potentially exacerbate a possible correction for the indices.
Not very positive is the situation for oil and on the basis of a fundament. In fact, demand for oil may drop in the summer.
Since the beginning of the year, the price of oil has fallen by 19%, mainly due to increased US stocks and OPEC's inability to limit supply.
US crude oil traded at levels of 43.50 earlier this morning.