Next Week Macro Outlook: Fed Minutes to Reveal Rate Cut Clues for Next Year
BlockBeats News, December 27th - Last week, despite the Christmas holiday in the peripheral market, the prices of gold, silver, and platinum all soared to historic highs, continuing the precious metals' historic year-end rally. Driven by safe-haven sentiment and rate cut expectations, spot gold continued to hit new all-time highs, with the highest nearing $4550 per ounce on Friday, up over 70% for the year. Silver's performance was even more fierce, consistently breaking through key levels and setting new records, with the highest point on Friday exceeding $79 per ounce, skyrocketing over 10% in a single day.
At 03:00 on Tuesday, the Federal Reserve released the minutes of its monetary policy meeting;
At 21:30 on Wednesday, the US reported initial jobless claims for the week ending December 27th;
At 22:45 on Friday, the final value of the US December S&P Global Manufacturing PMI.
Investors are looking forward to the US stock market ending 2025 on a strong note next week, closing out another robust year. Major US stock indices are expected to finish higher in December, after the market shrugged off earlier volatility this month due to weakness in the tech sector, driven by concerns over spending in the field of artificial intelligence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap.com Domain Story Resurfaces After SBF Purchase Claim
A key leap toward the internationalization of the Korean won: The Bank of Korea launches a trial run of its 24/7 international settlement system, with full deployment set for January next year.
The Bank of Korea officially launched the trial operation of the "BOK Won International Payment Network" on Monday local time.
Offshore oil and gas module equipment company VME (VME.US) aiming for Nasdaq listing, plans to raise up to 30 million USD
Offshore oil and gas process module and separation equipment company VME Companies has applied for an IPO on Nasdaq, aiming to raise up to $30 million, with Kingswood as the sole bookrunner.
Hypertension drug developer Retension (RTSN.US) applies for US listing, plans to raise $58 million.
U.S. hypertension drug developer Retension Pharmaceuticals filed documents with the SEC last Friday, planning to raise up to $58 million through an initial public offering (IPO).
Crypto prices
More
