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Weekly data: Oil and Gold: Price review for the week ahead
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Weekly data: Oil and Gold: Price review for the week aheadEnglish 日本語한국어ไทย繁體中文ItalianoPortuguêsFrançaisDeutschEspañolThis preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook.
Given that expectations for a Federal Reserve rate hike are consistently deferred, inflation data remains paramount.
ThursdayBritish GDP Growth: To be published at 06:00 AM GMT, market consensus points toward a month-over-month decrease from 0.1% to -0.1%.
With around a fifth of global oil and gas supplies normally passing through Hormuz, continued disruption could keep upward pressure on oil prices.
Investors now await US inflation data for further clues on the Fed’s rate path.