Last week, German and Euro Zone inflation data were followed in global markets. In Germany, the EU-compliant consumer price index increased by 1% monthly and 9.3% annually, above the expectations, due to the increase in food prices in February. Annual inflation in the Euro Area, on the other hand, was 8.5%, above expectations. Ounce gold left its selling course to the bull market and made a positive closing. If it continues its pricing above $1,850 this week, it seems like we will watch the $1,900 band.
Weekly Market Analysis 6 - 10 March 2023
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