Other news

For the past two and a half years gold investors probably reevaluated the prospects of this asset all the time and experienced many doubts. However, the situation has changed now. Bank of America analysts give gold a positive outlook for the following three years.

Investment portal King World News recently interviewed the trend forecaster and publisher of the Trends Journal Gerald Celente.

Markets are waiting for a dovish reverse from the Federal Reserve System (Fed) this year, although there have been no signals yet.

This year, Goldman Sachs Group Inc. increased its forecast concerning the growth of Chinese GDP after the economy started to recover.

The new head of Venezuela's state oil company PDVSA has decided to suspend most export contracts in order to review them. According to him, this decision will help to avoid payment defaults.

Signs of China's economy falling, perhaps to its lowest point, have affected the rise in gas prices in Europe.

On Tuesday, January 17, U.S. natural gas futures rose by 5% from their 18-month low. This increase was driven by a few reasons, including a cold snap forecast.

On Wednesday, the U.S. dollar strengthened and gold prices fell a bit. The Federal Reserve System is expected to slow the pace of interest rate hikes.

OPEC says that the oil demand in China will recover due to the easing of anti-COVID restrictions. Also, the organization expressed optimistic expectations concerning the future of the world economy in 2023.

The price of WTI oil rose to $81 per barrel, and this is its highest level since early December.