The US economy is expected to have 5% quarterly growth in the third quarter, far exceeding the second quarter, thanks to strong consumer spending, despite facing pressure from inflation and interest rate increases by the Reserve. Federal (FED).
Europe: The inflation rate in Germany in November is expected to increase by 3.5% over the same period last year, lower than 3.8% in October, showing that price pressure is cooling a bit. due to falling energy prices. However, inflation remains high, weighing on the German economy compared to its 2% target.
Asia: The Reserve Bank of New Zealand (RBNZ) is expected to keep the basic interest rate unchanged at 5.50%. Attention is focused on the RBNZ press conference to see if there will be information on monetary policy next year.
GOLD: Gold price is trending up in the short term. If gold maintains above 2,031.96, investors can "BUY" with the expectation of taking profits at 2,051.36 and 2,063.48. On the contrary, if gold falls below 2,031.96, investors should "SELL" with the expectation of taking profits at 2,020.84 and 2,000.04.
Europe: The inflation rate in Germany in November is expected to increase by 3.5% over the same period last year, lower than 3.8% in October, showing that price pressure is cooling a bit. due to falling energy prices. However, inflation remains high, weighing on the German economy compared to its 2% target.
Asia: The Reserve Bank of New Zealand (RBNZ) is expected to keep the basic interest rate unchanged at 5.50%. Attention is focused on the RBNZ press conference to see if there will be information on monetary policy next year.
GOLD: Gold price is trending up in the short term. If gold maintains above 2,031.96, investors can "BUY" with the expectation of taking profits at 2,051.36 and 2,063.48. On the contrary, if gold falls below 2,031.96, investors should "SELL" with the expectation of taking profits at 2,020.84 and 2,000.04.
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