The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut […]
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US PPI for final demand rose 0.4% mom in November, above expectation of 0.3% mom. Nearly 60% of the broad-based rise in final demand prices can be attributed to a 0.7% mom increase in goods. Read more…
US initial jobless claims rose 17k to 242k in the week ending December 7, above expectation of 221k. Four-week moving average of initial claims rose 6k to 224k. Continuing claims rose 15k to 1886k in Read more…
ECB cut its deposit rate by 25bps to 3.00%, aligning with market expectations. The overall decisions and economic projections reflect confidence in the ongoing disinflation process. Yet, he Governing Council reiterated its “data-dependent and meeting-by-meeting Read more…