Later this week, on Wednesday we look out for UK inflation and the cash rate decision from the Reserve Bank of New Zealand, who we expect will keep interest rate on 5.50%. On Wednesday as well we will have the FOMC minutes from last meeting. On Thursday we get PMIs from both the euro area, Japan and the US.
A look at the day ahead in European and global markets from Tom
Westbrook Copper and gold made record highs in Asia trade on Monday
and silver surged over. -May 20, 2024 at 12:30 am EDT
- MarketScreener
Copper and gold made record highs in Asia trade on Monday and silver surged over $30. Gold's 18% rally over the year to date has been attributed, variously, to Chinese buying, global political tension and expectations that U.S. rates will start to fall soon, seen as a boon for a metal that does not pay a yield at all.
Morning Bid: Metals Zoom as Investors Wait on Rates usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Next week highlights include rate decisions from the RBA, BoE, Banxico, BCB, and Riksbank. We also see the release of the ECB Minutes and BoJ Summary of Opinions. Data wise, the Canada jobs report, China Trade, UK GDP and Norwegian CPI take the limelight.