Last week, Eurozone and UK inflation and US growth data were followed. While the consumer price index in the Euro Zone decreased by 0.6% monthly in November, annual inflation, which was 2.9% in October, was 2.4% in November. While the consumer price index in the UK decreased by 0.2% monthly in November, annual inflation, which was 4.6% in October, fell to the lowest level in two years with 3.9% in November. The US economy grew below expectations at 4.9% in the third quarter of this year. Gold was priced above $2.000 per ounce.
Weekly Market Analysis 25 December 2023
