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.
Natural gas futures on the New York Mercantile Exchange (NYMEX) fell by another 5% over the previous week, continuing their fall. Such a sharp decline was caused by untypically warm winter weather.
According to Jonathan Rose, CEO of Genesis Gold Group, the devaluation of the dollar, inflation and U.S. monetary policy are the main drivers of growth in the precious metals market.
Dutch authorities still think that the Groningen gas field, once the largest in Europe, should be closed by October.
In a recent conversation with The Investing News Network, Jeffrey Christian shared his views on the current situation in the gold market.
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.
On Monday, gold was stabilized ahead of new data release in the U.S. This updated info will gauge whether the world's largest economy could face a potential recession in 2023.
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.
Last week fears of a recession began to rise in the markets. However, JPMorgan Chase & Co. data shows that the probability of an economic downturn has become lower.
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.