Core Insights - Oil prices increased due to supply concerns stemming from sanctions on Russian oil, impacting market sentiment [1] - Gold prices rose above $4,000 per ounce, indicating a recovery in precious metal markets [1] Oil Industry - The rise in oil prices is attributed to ongoing sanctions against Russian oil, which have created supply uncertainties [1] - Market sentiment is heavily influenced by geopolitical factors related to oil supply [1] Gold Market - Gold prices have surpassed the $4,000 per ounce threshold, reflecting a renewed interest in safe-haven assets [1] - The increase in gold prices suggests a shift in investor behavior towards commodities amid economic uncertainties [1]