An increase of the indicator value may contribute to the rise in quotes of AUD.
An increase of the indicator value may contribute to the rise in quotes of AUD.
A number of analysts forecast a rise in silver to $30 per ounce in 2023, the highest level over the past ten years. The rise in prices will be supported by an imbalance of demand and supply.
According to Bloomberg, Russian crude cargoes from its key export terminals dropped 22% last week compared to the previous one. The loss amounted to 820,000 bpd.
Extreme weather hit North Asia. The average temperature in China dropped to an unprecedented low, meanwhile Japan is getting ready for blizzards to come.
On Monday, the latest data from AAA showed that an increase in gasoline prices has been observed for the fourth week in a row. They are up 32.7 cents in the last month, driven by higher crude oil prices.
President of the European Central Bank (ECB) Christine Lagarde said that the bank is ready to take all needed actions to bring inflation down to its target level.
Gas supplies from Norway are expected to fall to their lowest level in more than 2 months. The drop in temperature has stimulated demand. Gas reserves in Europe are falling.
According to the forecast of AG Thorson, an expert in the field of technical analysis of precious metals markets, the price of gold in 2023 will exceed the level of 2000 dollars. Thus, a new peak is expected this year.
According to the estimates of the German Ministry of Economics, it is going to take a long time for the country to completely switch to LNG and abandon pipeline gas from the Russian Federation.
The perspective of fuel demand in the U.K. is falling due to increased sales of electric cars.
Hedge funds continue investing in gold for seven weeks in a row, according to the latest trading data from the Commodity Futures Trading Commission.