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The precious metals market is going to record a silver shortage, suggesting a positive boost to the metal's prices. However, it is necessary to consider a range of other factors determining the cost of silver in the medium term.

Updated information on the U.S. job market is to be given this Friday, and it’s suggested to demonstrate a long-awaited result.

According to Reuters, protests against restrictive policies related to COVID-19 have erupted across China. This social unrest has increased uncertainty in the market, leading to the yuan’s fall. The U.S. dollar, in turn, significantly strengthened over the weekend.

According to data released on Monday, retail sales in Australia unexpectedly dropped in October, marking the first fall of the year. Rising inflation and higher interest rates negatively influenced consumer spending.

European Union diplomats have temporarily suspended talks on limiting the price of Russian oil, because Poland and the Baltic states opposed a proposal that seemed too generous for Moscow.

Against the backdrop of the strengthening of the US currency ahead of speeches by some Federal Reserve officials, including the head of the Fed, Jerome Powell, at the end of the current week, there is a slight decline in gold prices on Monday.

Economic Calendar Events for November 28, 2022.

Despite declining import turnover, trade with Canada continues to play an important role in maintaining U.S. natural gas markets. Accordingly, certain parts of the U.S. will be assured of a reliable blue fuel supply.

According to a statement made by Louise Loo, senior economist at Oxford Economics, there’s a possibility of long-awaited recovery in private consumption in China being delayed.

Germany's economy was originally expected to grow 0.3% in the third quarter, but thanks to solid consumer spending, growth was 0.4%, showing a better-than-expected performance.