The gold market had a solid start to the year. Its significant potential was noted by European funds, as investors are getting more and more interested in the yellow metal.

Reuters’ market columnist John Kemp discovered the following data in the recent survey across industries: most respondents expected that in the period from 2023 to 2027, the average price of oil would be $90 per barrel.

There is an increase in diesel fuel imports to Europe ahead of the embargo on Russian oil. This restriction will come into effect on February 5. Until the date, traders actively fill up their oil product reserves from Russia.

Gold exceeded the level of $1,800 per ounce. After that, Jeffrey Gundlach, CEO of DoubleLine Capital, saw a good opportunity

The seaborne crude exports from RF rapidly increased last week. It has become the highest since April.

Large gas reserves in China have improved supply prospects. Suppliers are forced on LNG shipments to Europe.

Head of commodities research at Goldman Sachs Group Inc. Jeff Currie believes that commodities have the best outlook among other asset classes this year.

According to the National Bureau of Statistics of China, the level of coal output reached 4.5 billion tons last year. It is 9% bigger than the data for 2021.

76 companies have applied 115 applications to the U.K. to lease seabed areas in the North Sea to find oil and gas resources.

Gold approached the level of $1,910 ahead of releasing updated readings of certain important economic indicators. Market participants expect these indicators to give them clues, and special attention will be drawn to any signs of recession coming.