U.S. Treasury Secretary Janet Yellen said that the task of limiting prices for oil from Russia can include petroleum products, which will cause additional difficulties.

As it was recently stated by Klaas Knot, Governing Council member of the European Central Bank, the ECB should continue raising the interest rate.

The precious metal growth has reached more than 5% since the beginning of the year. However, according to industry experts, some consolidation is possible before the Fed meeting in February.

JC Parets, founder and CEO of AllStarCharts.com, has changed his view on gold. In the past, he was indifferent to this asset, but recently he has taken a bullish stance on the yellow metal.

Australia’s ANZ Bank gives silver a positive outlook for 2023. The bank's analysts believe that silver might be a cheaper alternative to gold.

As it was stated by Federal Reserve Vice Chair Lael Brainard, there’s a possibility for the U.S. economy to have a “soft landing.”

On Thursday, European Central Bank President Christine Lagarde said that inflation across all indicators remains too high for now. Policymakers will not relent in their efforts to return price growth to target levels.

Economists at the ANZ bank see good prospects for the yellow metal market in the coming year. Experts believe that the deteriorating economic outlook will strengthen demand for gold as a safe-haven asset.

MKS PAMP Group analysts suppose that palladium will be within the $1500-2500 range with a 50% chance.

Analysts at MKS PAMP Group, a Swiss precious metals trading company, assessed the platinum outlook for 2023. A rise in platinum prices above $1,350 per ounce is 30% probable.