“Last week was an important week in terms of data flow in global markets. While annual inflation in the USA was 6.5% in line with the expectations in December, consumer prices decreased by 0.1% on a monthly basis. Consumer prices excluding food and energy increased by 0.3% monthly in line with expectations. The annual increase was 5.7%. We see the pricing above $1,900 in the pre-Fed price of gold per ounce.”
Weekly Market Analysis / 23 - 27 January 2023
