The intricacies of mixed economic data from the US, coupled with the nuanced FOMC meeting minutes, contribute to the complexity of predicting the Federal Reserve s outlook.
Considering the ongoing geopolitical tensions in the Middle East and the diminishing prospects of another Federal Reserve rate hike, the prices of precious metals are expected to remain well-supported in the short term, driven by safe-haven buying.
Various central banks made different monetary policy decisions during the week, but a common theme was the possibility of more extended periods of elevated interest rates.
The Bank of Japan s (BoJ) policy will be closely monitored after Governor Kazuo Ueda hinted at the possibility of ending negative interest rates earlier