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Gold prices surge 65% this year, rising above $4,350 due to expectations of Fed rate cuts and geopolitical concerns

Gold prices surged over $4,350, marking a 65% annual gain—its best since 1979. Factors like anticipated rate cuts and geopolitical tensions drive demand, but caution is advised due to potential market corrections. – vtmarketsmy.com

In November, South Africa’s private sector credit rose to 7.79%, up from 7.26%

South Africa’s private sector credit rises to 7.79%, indicating economic growth. Meanwhile, gold prices soar amid anticipated US interest rate cuts, while the dollar remains strong, influencing forex and commodities. – vtmarketsmy.com

EUR/JPY remains stable around 183.80 as bullish momentum is expected with resistance above 185.00.

The European Central Bank holds interest rates steady as the Japanese Yen faces pressure from gradual policy shifts. Traders are eyeing the EUR/JPY for potential breakout opportunities in the coming weeks. – vtmarketsmy.com

GBP/USD remains around 1.3460, testing 1.3450 support after dropping below the nine-day EMA

GBP/USD hovers around 1.3460, showing mixed signals as it slips below its upward channel. Traders should prepare for potential moves, influenced by upcoming inflation reports and market sentiment shifts. – vtmarketsmy.com

Xi Jinping will implement proactive macroeconomic policies to boost economic growth and quality.

Chinese President Xi Jinping’s new economic policies may boost demand for Australian exports, notably iron ore, potentially strengthening the Australian Dollar (AUD). Monitor the RBA’s interest rate decisions closely for market impact. – vtmarketsmy.com

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