About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Federal Reserve Meeting
|The Federal Reserve is expected to keep monetary policy unchanged in January after raising the federal funds rate in December.|
|The attention of the market will be focused on the central bank’s statement, which is to be released at 21:00 MT time on January 31. If the Fed is positive about the US economy and remains focused on further rate hikes, the USD will gain. If the US central bank becomes cautious, the greenback will suffer.|
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.