Home Blog Market Analysis Weekly Market Analysis / 5 December- 9 December 2022

Weekly Market Analysis / 5 December- 9 December 2022

by Buse Kozok
Weekly Market Analysis /  5 December- 9 December 2022

In the global markets, the US non-farm employment data and the speech of the US Federal Reserve (Fed) Chairman Powell came to the fore. Non-farm employment in the USA, announced today, increased by 263 thousand in November, above the expectations of 200.000. Unemployment rate remained at 3.7%. The data released pointed out that the labor market remained strong despite rising interest rates and recession concerns. On Wednesday, Fed Chairman Powell's signal that the Fed's rate of increase in interest rates in December increased the risk appetite in global markets, while sales were experienced in global markets after the non-farm data, which was better than expectations. After Powell's statements, an ounce of gold rose above $ 1.800, while the gram price of gold broke a record with $1.082,25.

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