No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
Last month in Mexico there was a significant drop in inflation. Currently, the central bank of Latin America's second-largest economy slowed the pace of interest rate increases.
According to strategists at ANZ Bank, gold prices tend to remain under downside pressure ahead of an economic downturn. However, recessions usually move gold prices up and make gold perform inversely to other markets, such as the stock market.
Oil is about to end the week on the rise after a series of positive forecasts regarding fuel demand. On Tuesday, OPEC stuck to its projections for global oil demand growth of 2.55 million bpd this year and 2.25 million bpd next.
On Friday, gold prices began to stabilize. Previously, the yellow metal was losing ground significantly amid growing recession risks and expectations of higher interest rate peaks by some leading central banks.
The focus is on speculative positions in gold and silver.
On the agenda are data on rigs from Baker Hughes and speculative positions on oil and gas.
On the agenda are the decision of the Central Bank of Russia on the interest rate, inflation in the Eurozone, the business climate and retail sales of the UK, the unemployment rate of Sweden and the trade balance of Singapore.
On Wednesday, the dollar rate changed after the speech of the head of the Fed Jerome Powell. According to the Fed’s forecasts, in 2023, the borrowing costs will increase at least by 75 basis points.
Last month, Japan’s trade balance deficit decreased less than it was expected. The impact of a weaker yen has extended to the country’s imports. In November, the actual deficit was 2.03 trillion yen.
At the moment, there are significant contradictions in the assessment of the U.S. Federal Reserve (Fed) actions. On the one hand, Fed’s Chair Jerome Powell is talking about further raising interest rates and fighting inflation.