Other news

China is weakening its position on the coronavirus and easing some restrictions. This comes despite a record high number of new cases of infection.

It was the US Dollar’s time to shine among other currencies in 2022. However, according to the forecast of economists at Commerzbank, the dollar will reverse course and weaken next year amid interest rate cuts.

Sally Auld, director of investments at JBWere Ltd said that the central bank of Australia is signaling a higher tolerance for inflation, which is very risky.

The number of available jobs in the U.S. decreased to 10.3 million in October. A month earlier, the number of jobs was 10.7 million. The recorded decline is an encouraging factor for the Fed.

Goldman Sachs Bank expects the price per barrel of Brent crude oil to reach $110 next year. This became known on Tuesday after a statement by Jeff Currie, head of commodities of the bank.

In November, the OPEC countries decreased the output of oil. Such results were shown by a Reuters poll published on Wednesday. The major exporter Saudi Arabia and other countries of the Gulf also began to extract fewer raw materials.

Natural gas futures in the U.S. fell on Wednesday. This is due to forecasts of warmer than previously expected weather, which has led to lower expectations for heating demand.

Australia's leading bank, Commonwealth Bank, is of the opinion that the tightening cycle is coming to its peak, while Goldman Sachs Group Inc. believes that the increase in rates will continue until next year.

As it was said by U.S. Federal Reserve Chair Jerome Powell, there will be likely no sharp tightening in the nearest future.

Gold continues to hold a defensive stance at the beginning of 2023, HSBC analysts said. So that prices for the yellow metal are expected to rise.