Crude prices rose Monday, steadying after three straight weeks of losses ahead of monthly reports from OPEC and the IEA, as well as the latest meeting of the Federal Reserve.

By 08:03 ET (12:03 GMT), U.S. crude futures (WTI) traded 1.1% higher at $76.33 per barrel, while the Brent contract climbed 1.0% to $80.45 a barrel.

In a note Monday, UBS analysts advised that recent dips in the gold price are opportunities to buy, not sell. The firm's note follows a more than 3% decline in the yellow metal on Friday after the latest US employment data.

Employment and earnings data sprung positive surprises. Key factors to watch this week include the May US Consumer Price Index (CPI) and the Federal Reserve meeting.

The U.S. dollar traded largely unchanged in early European trade Friday as traders awaited the release of key U.S. employment data, while the euro steadied after the European Central Bank’s historic rate cut. 

At 05:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded flat at 104.060.

Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered expectations that the Federal Reserve will cut interest rates soon.

Brent crudefutures settled 25 cents lower at $79.62 a barrel, while U.S. West Texas Intermediate crude (WTI) (CLc1) fell 2 cents to $75.53.

Bitcoin bears might be in danger as open interest on the shorts' side is slowly climbing up on a par with the spot buying volume. Such a divergence quite often leads to short squeezes which, in the case of Bitcoin, will most likely lead to a breakthrough and a move toward $100,000.

Spot Cumulative Volume Delta (CVD) is the first thing to notice. On the spot market, this metric displays the total net buying or selling. In this instance, there is a growing spot buy delta, and the Spot CVD is leading with the price. According to this, the recent upswing in Bitcoin prices is being driven by the spot market. Put simply, as more people purchase Bitcoin on the spot market, the price rises.

Gold prices rose in Asian trade on Friday, coming close to key highs as bets on interest rate cuts by the Federal Reserve grew in anticipation of key nonfarm payrolls data due later in the day.

The yellow metal was set for weekly gains as a string of week U.S. economic readings pushed up expectations that the Fed will begin cutting rates in September. This notion pushed the dollar to two-month lows.

Oil prices settled higher Thursday, as signs that global rates cuts are underway boosted optimism on the global economy easing demand worries somewhat following an unexpected build in U.S. inventories a day earlier.

At 14:30 ET (18:30 GMT), the West Texas Intermediate crude futuresrose 1.9% to $75.50 a barrel andBrent oil futuresrose 0.1% to $78.44 a barrel.

The U.S. dollar steadied in early European trade Thursday, while the euro gained ahead of the latest policy-setting meeting by the European Central Bank. 

At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose marginally to 104.265.

Central banks around the world continue to buy Gold, helping to lift the price of the precious metal to near record highs.

The price of gold bullion is currently at $2,372.80 U.S. per ounce, close to its all-time high of just above $2,400 U.S. an ounce.

Bitcoin price climbed marginally on Thursday, steadying after breaking out of an over two-month trading trough as weak U.S. economic data fueled expectations that the Federal Reserve will cut interest rates.

Bitcoinrose 0.25% in the past 24 hours to $71,133.9 by 08:45 ET (12:45 GMT). The token stabilized after breaking out of a $60,000 to $70,000 trading range this week, ending a trough it had fallen into since mid-March.