On February 2, the focus is on natural gas reserves in the United States. On February 3, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.

The agenda includes the OPEC meeting, the results of the US Federal Reserve meeting, crude oil and petroleum products stocks, as well as gasoline and distillate production.

On January 31, the World Gold Council (WGC) will release data on demand and supply for the fourth quarter of 2022 as well as the whole year. Commerzbank's economists believe that ETF investors’ interest in the precious metal will continue to set the direction of prices.

OPEC+ is taking a cautious approach on oil, waiting for China's renewed economic activity and new limits on supplies from Russia. Delegates said OPEC+ will stand for preserving the same levels of black gold output at Wednesday's meeting.

The European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.

On January 26, the focus is on natural gas reserves in the United States. On January 27, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.

The U.S. economy likely saved the high growth rates in the fourth quarter as the buyers increased the expenditures for goods.

China’s biggest brokerage Citic Securities forecasts a rise in gold to the highest levels this year. The price of the precious metal might exceed $2,000 per ounce.

The price of metals still remains the same. That stability, in its turn, is related to the upcoming release of official statistics and the meeting of the Federal Reserve System (FRS) in the United States.

The dollar has weakened and gold continued to rise. Several economic reports from the U.S. are expected, and they may influence the results of the Fed meeting next week. Investors are waiting.