[MARKET UPDATE] As US participants arrive, crude is extending on gains, and at fresh session highs, while spot gold jumps higher, currently sitting at c. USD 5,213/oz

Crude oil is rallying towards new session highs, which indicates strong demand or positive sentiment in the energy market. Concurrently, gold's substantial rise suggests a flight to safety or inflation hedge as market participants adjust their positions, likely in response to broader economic factors or upcoming data. This dynamic could affect risk appetite and the USD strength, influencing both commodity and currency markets.