The updated Fed forecast next week can guide the dollar, and by extension, gold prices in the last weeks of 2023 as can the US CPI report. Oil hints at a bullish pullback
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Gold, Silver & Oil Forecast: Commodities Prepare for a Busy Week
access_timeNovember 28, 2024
Latest:
- ECB’s Lagarde: Tariffs will be negative for global growth in the long-term
- RBNZ’s Silk: A decision on 25 bps or 50 bps rate cut is on the table for February
- Australia’s government has secured support from Greens party to pass RBA reform law
- Japan extraordinary parliamentary session to discuss plans for an extra budget (and more)
- JP Morgan says Bank of Japan will hike to 1.5% (but not soon)
- Bank of Korea cut benchmark interest rates for a second straight meeting – a surprise move
- PBOC sets USD/ CNY mid-point today at 7.1894 (vs. estimate at 7.2227)
- Bank of Korea unexpectedly cuts its base rate by 25bp
- Plan to overhaul the RBA including splitting the board in two could be back on the agenda
- PBOC is expected to set the USD/CNY reference rate at 7.2227 – Reuters estimate
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