GOLD SET FOR WEEKLY GAIN WITH FOCUS ON FED’S POLICY DECISION
Gold Prices Rise: Gold prices increased on Friday.
Weekly Gain Expected: Gold is on track for a weekly gain.
China's Influence: Reports of China buying more gold boosted prices.
Focus on Fed: Investors expect the U.S. Federal Reserve to reduce interest rates during its meeting on Dec. 17-18.
BRAZIL THREATENS TO FILE TRADE COMPLAINT AGAINST THE US President Lula warns Brazil will respond if the US imposes tariffs on aluminum and steel imports. Brazil may retaliate with trade measures and file a complaint with the WTO. This follows Trump’s potential tariff imposition on Brazilian products.
RESERVE BANK OF AUSTRALIA EXPECTED TO CUT INTEREST RATES A poll predicts the Reserve Bank of Australia will reduce interest rates by 75 basis points to 3.60% by the end of 2025. The RBA is expected to cut the cash rate to 4.10% on February 18, according to
US EXPORT AND IMPORT PRICES FOR JANUARY 2025 US export prices rose by +1.3% in January, exceeding the 0.3% estimate. US import prices increased by +0.3%, slightly below the 0.4% estimate. January import prices were revised up to +0.2% from the prior 0.1%. Prior
RUSSIA’S CENTRAL BANK KEEPS INTEREST RATES UNCHANGED The Central Bank of Russia maintains the key interest rate at 21% for the second consecutive meeting. Inflation in Russia is expected to slow to 7%-8% in 2025 and reach the 4% target by 2026. The labor market remains strong, with