We leave behind a week in which the announcement of the inflation rate in the USA, the statements of the Fed officials, and the interest rate decision of the European Central Bank came to the fore. Inflation in the USA, which was 1.2% monthly in March, reached the highest level in 41 years with 8.5% annually. Falcon statements from Fed officials regarding interest rate hikes and balance sheet reductions had an impact on global markets. While the European Central Bank (ECB) did not make any changes in interest rates in line with the expectations, it reiterated its commitment that asset purchases will end in the coming months. The barrel of Brent oil, which fell below $100 at the beginning of the week, rose above $110 today as OPEC signaled that it would not increase production and the coronavirus measures were relaxed in Shanghai.
Uncertainty in global markets continues the rise in precious metals. An ounce of gold is priced above $1.900, which has psychological support. Due to Easter on Friday, XAUUSD could not be traded, and the markets were stagnant. XAUUSD, which is traded in the Asian market today, is priced at around $1.990.
