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
Source
Gold, Silver & Oil Forecast: Commodities Prepare for a Busy Week
access_timeNovember 28, 2024
Latest:
- 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)
- 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
- HSBC forecasts EUR/USD to 0.99 by the end of 2025
- MUFG with two reasons for the yen rise … and a word of caution
- RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025
- Atlanta Fed GDPNow growth estimate for Q4 rises to 2.7% from 2.6% on November 19
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