It is likely that gold will manage to outperform most asset classes in the upcoming year. However, some specialists believe that the precious metal will not show any rapid increase at least until the second half of the year.

U.S. consumers expect price pressures to ease significantly next year. However, Friday's benchmark study showed that the U.S. annual inflation forecast fell to its lowest level in a year and a half in December.

In the face of uncertainties, the OPEC+ alliance has no choice but to remain vigilant. That statement was made by Prince Abdulaziz bin Salman Al Saud, Saudi Arabia's energy minister, in an interview with the Saudi Press Agency (SPA).

The first batch of diesel fuel from Kuwait has been sent to the European Union. As noted in the statement of the Kuwait National Petroleum Company (KNPC), which was received by the country's news agency KUNA, the fuel was produced according to special standards.

Many oil refineries located along the U.S. Gulf Coast were closed due to low temperatures. Although statements about the fast restore of production rates were made, fuel prices have already risen.

According to a statement made by Russia’s vice prime minister Alexander Novak, the country may increase the volumes of crude oil exports in case there’s a decline in refinery throughput because of the European Union’s banning fuel imports.

On Saturday, the head of the German government's council of economists said inflation could persist for the next two years. This is due to the fact that companies are moving towards a higher level of production costs, and even often exceeding it.

Canadian TC Energy Corp. announced that it will begin the restart process of the Keystone oil pipeline segment. Previously, it was shut down due to an oil leak.

Gold prices may jump to $4,000 an ounce due to lingering market volatility, supported by interest rate hikes and looming recession. This opinion was shared by Juerg Kiener from Swiss Asia Capital, who is a managing director and chief investment officer of the company.

According to the Deputy Prime Minister of the Russian Federation, Alexander Novak, in 2025 the export of Russian oil may increase to 260 million tons. Novak also noted that gas supplies would also increase.